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Monday, Mar 27, 2023

Midday Stock Roundup

Indexes rose today in midday trading after slowing economic growth and falling commodity prices eased investors worries over interest rate increases, according to Reuters.

The S&P 500 gained 2.4% to 3,889.75.
The Dow 30 increased 2.2% to 31,357.61
The Nasdaq jumped 2.5% to 11,510.31.
Crude oil rose 2.5% to $106.84 per barrel.
Gold was flat at $1,828 an ounce.
The yield on a 10-year bond was up 1.6% to 3.117%.


Resources Connection Inc. (Nasdaq: RGP) rose 8.2% to $19.92 per share and a $661 million market cap. Shares for the Irvine-based consulting firm have been up about 50% since their 52-week low last July.


Boot Barn Holdings Inc. (NYSE: BOOT) rose 7.6% to $78.39 per share and a $2.3 billion market cap. Shares for the Irvine-based shoes and apparel chain have been down about 42% since their 52-week high last December.


CalAmp Corp. (Nasdaq: CAMP) dropped 28% to $5.67 per share and a $186 million market cap. Shares for the Irvine-based telematics firm fell after the company’s first quarter fiscal 2023 earnings missed analysts’ expectations, reporting $64.7 million while the average analyst estimate was $69.4 million.

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