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Laguna Hills
Tuesday, Mar 28, 2023
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Midday Stockup Roundup

The S&P 500 was down 0.4% to 3,734.41.

The Dow 30 fell 0.8% to 30,283.67.

The Nasdaq was up 0.2% to 10,830.07.

The yield on a 10-year Treasury bond jumped 2.2% to 3.439%.

The price of gold dropped 0.9% to $1,814.80.

The price for a barrel of oil rose 0.9% to $122.07.

AUTOMOTIVE

Shares in electric vehicle company Rivian Automotive Inc. (Nasdaq: RIVN) in Irvine rose 6.1% to $28.44 apiece for a market cap of $25.1 billion. The shares have risen almost 7% over the last month despite the continuing slew of challenges facing the company and the fledgling EV industry as a whole.

HEALTHCARE

Dental products supplier Envista Holdings Corp. (NYSE: NVST) in Brea fell 4.6% to $36.69 per share for a market cap of $6 billion. Investor website SimplyWallSt.Com said yesterday the company has a decelerating rate of return at 7.1% and below the medical equipment industry average of 8.8%.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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