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Tuesday, Dec 6, 2022
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Midday Stock Roundup

The S&P 500 rose 0.3% to 4,199.28 in midday trading.

The Dow Jones Industrial Average climbed 0.2% to 34,384.28 while the Nasdaq increased 0.6% to 13,740.56.

Crude oil fell 0.1% to $66 a barrel.

Gold was up 0.3% to $1,903.

The yield on a 10-year Treasury fell 0.4% to 1.559%.

MORTGAGES

Foothill Ranch-based loanDepot Inc. (NYSE: LDI) climbed 5.1% to $15.81 and a $4.9 billion market cap. Volume was a fourth of its daily average. Shares of the mortgage originator have risen about 32% since May 14 when it declared an 8 cent per share dividend.

ENERGY

Clean Energy Fuels Corp. (Nasdaq: CLNE) rose 6% to $8.09 and a $1.6 billion market cap. Volume was a third of its daily average. The shares of the Newport Beach provider of renewable natural gas had declined by more than half since February when it reached its 52-week high. The shares are still up more than three-fold since November when Joe Biden won the presidency.  

 

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Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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