The S&P 500 slid 0.2% to 3,914.73 in midday trading.
The Nasdaq climbed 0.8% to 11,504.51.
The Dow 30 was off 0.8% to 31,239.35.
The yield on a 10-year Treasury bond decreased 1.7% to 2.8370%.
Gold rose 1.4% to $1,840.60 an ounce.
Crude oil increased 0.8% to $110.45 per barrel.
ELECTRIC VEHICLES
Rivian Automotive Inc. (Nasdaq: RIVN) jumped 10.3% to $30.10 per share for a market cap of $26.6 billion. While shares in the Irvine-based EV maker have fallen about 70% in the past year, Deutsche Bank analyst Emmanuel Rosner maintained his Buy rating for the stock as of Tuesday. “We continue to believe the company offers attractive product and a well-thought-out business plan to become a large EV player,” Rosner said in a report.
MEDICAL DEVICES
Laguna Hills-based dental device maker Sonendo Inc. (NYSE: SONX) climbed 9% to $2.90 per share and a $76.2 million market cap. According to SEC filings, Sonendo CEO Bjarne Bergheim bought 30,000 shares of the company’s stock on Monday, for a total of $88,500. Bergheim now owns 863,450 shares in the company, for a velue over $2.5 million.
