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Wednesday, Aug 17, 2022

Midday Stock Roundup

 The S&P; 500 slid 0.7% to 4,331.74 in midday trading.

The Dow 30 was down 0.6% at 33.562.29.

The Nasdaq dropped 1.25% to 13,354.79.

Crude oil jumped 4.2% to $112.23 a barrel.

Gold was up 1.5% at $1,964.90 an ounce.

The yield on a 10-year bond fell 5.5% to 1.7430.


Irvine-based Vizio Holding Corp. (Nasdaq: VZIO) dropped 17% to $10.98 per share and a $2.2 billion market cap. The media company and flat-screen TV and soundbar maker yesterday announced its fourth-quarter results that disappointed investors.


Advantage Solutions Inc. (Nasdaq: ADV) of Irvine fell 12% to $5.75 per share and a $1.8 billion market cap. Shares are down 27% since March 1 when the company announced fourth-quarter results and said CEO Tanya Domier will retire and be replaced by President Jill Griffin.


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