57.8 F
Laguna Hills
Wednesday, Dec 7, 2022
-Advertisement-

Midday Stock Roundup

Indexes rose in midday trading in a partial recovery from last week’s selloff.

The S&P 500 Index was up 1.6% to 3,774.25 while the Dow Jones Industrial Average rose 0.8% to 30,233.40 and the Nasdaq increased 2.6% to 13,405.30.

Crude oil jumped 1.7% to $53.08.

Gold ticked 0.9% higher to $1,867.50.

The yield on a 10-year Treasury fell 2.7% to 1.064%.

TECHNOLOGY

Orange County technology stocks largely led Monday gains, led by Irvine-based Skyworks Solutions Inc. (Nasdaq: SWKS). The chipmaker was up 8.4% to $183.49 and a market cap of $30.3 billion. Shares are up 15% since Thursday, when the firm reported better-than-expected results for its fiscal first quarter ended Jan. 1.

Costa Mesa-based artificial intelligence company Veritone Inc. (Nasdaq: VERI) increased 3.7% to $40.72 for a market cap of $1.3 billion. Shares for the company are up by nearly 50% since the start of the year, and by more than 1,000% compared to a year ago.

MEDICAL DEVICE MAKERS

Tustin-based Avid Bioservices Inc. (Nasdaq: CDMO) climbed 15% to $16.83 and a $1 billion market cap. Shares of Avid, a contract manufacturer of biologics, are currently trading at about twice their average daily volume, and have more than doubled in the past six months.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-