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Saturday, Dec 3, 2022
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Midday Stock Roundup

The S&P; 500 rose 0.2% to 4,712.85 in midday trading Friday.

The Dow Jones Industrial Average fell 0.4% to 35,722.11, while the Nasdaq climbed 0.7% to 16,102.65.

Crude oil slipped 3.8% to $76.

Gold decreased 0.6% to $1,850.20.

The yield on a 10-year Treasury fell 2.7% to 1.55%.

AUTOMOTIVE

Irvine electric vehicle maker Rivian Automotive Inc. (Nasdaq: RIVN) climbed 12.7% to $139.07 for a market cap of $118.7 billion. The company began trading last week with proceeds from its IPO totaling $13.7 billion.

MARKETING

Advantage Solutions Inc. (Nasdaq: ADV) continued its slide this week, down 5.4% to $7.82 for a market cap of $2.5 billion. The Irvine sales and marketing firm was trading on volume lower than its daily average and is down about 39% since the start of the year.

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