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Wednesday, Aug 10, 2022
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Midday Stock Roundup

 The S&P; 500 fell 0.1% to 4,514.39, while the Dow 30 was flat at 34,691.39.

The Nasdaq slid 0.9% to 14,072.71.

Crude oil was up 1% at $113.45 a barrel.

Gold declined 0.2% to $1,957 an ounce.

The yield on a 10-year bond jumped 6.3% to 2.4880.

ELECTRIC VEHICLES

Irvine-based electric vehicle maker Rivian Automotive Inc. (Nasdaq: RIVN) fell 5% to $46.21 per share and a $40.5 billion market cap. Analyst firm Mizuho maintained the EV stock’s buy rating and lowered its price target to $95 from $100.

CANNABIS

Irvine-based WM Technology Inc. (Nasdaq: MAPS), the parent to Weedmaps, the largest online directory of cannabis dispensaries in the U.S., dropped 4% to $7.44 per share and a $1.2 billion market cap. Shares for the company have been down about 66% from their 52-week high last March.

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