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Monday, Feb 6, 2023
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Midday Stock Roundup

Indexes surged as the markets bet the latest COVID-19 variant isn’t as bad as feared.

The S&P; 500 climbed 1.1% to 4,618.81 in midday trading while the Dow Jones increased 0.7% to 34,719.95 and the Nasdaq was up 0.6%.

The yield on a 10-year Treasury bond rose 0.7% to 1.453%.

The price of gold increased 0.6% to $1,787.

The price for a barrel of oil was up 0.5% to $66.49.

TECHNOLOGY

Indie Semiconductor Inc. (Nasdaq: INDI) jumped 9.5% to $15.04 and a $2 billion market cap. Shares of the Aliso Viejo-based maker of semiconductor chips have almost doubled since their 52-week low in July.

REAL ESTATE

Five Point Holdings LLC (NYSE: FPH) soared 9.5% to $5.90 and a $416 million market cap. Shares of the Irvine-based home developer are still down 23% since reporting third quarter results on Nov. 3.

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