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Saturday, Jun 25, 2022
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Midday Stock Roundup

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Indexes rose as strong consumer spending and signs of inflation peaking eased investors’ fears over an economic slowdown.

 

The S&P500 jumped 1.8% to 4,129.14.

The Dow 30 was up 1% at 32,988.08.

The Nasdaq gained 2.5% to 12,036.61.

Crude oil increased 0.5% to $114.62 a barrel.

Gold rose 0.2% to $1,850 an ounce.

The yield on a 10-year bond fell 0.3% to 2.749%.

 

HEALTHCARE

 

Evolus Inc. (Nasdaq: EOLS) jumped 11% to $13.16 a share and a $749 million market cap. After experiencing a dip last November, shares for the Newport Beach-based provider of aesthetic therapeutics have been up nearly 150%.

 

MANUFACTURING

 

Romeo Power Inc. (NYSE: RMO) gained 7.8% to $0.87 per share and a $132 million market cap. The EV battery maker, soon to be moving to Cypress, announced yesterday that it is supplying batteries to an unnamed leader in powertrain performance products.

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