Indexes shook off yesterday’s drop when JPMorgan Chase CEO Jamie Dimon warned of an economic “hurricane” on the horizon.
The S&P 500 climbed 1.2% to 4,148.21 while the Dow 30 was up 0.5% to 32,972.01 and the Nasdaq leaped 1.8% to 12,213.19.
Crude oil increased 1.5% to $116.97 a barrel.
Gold was up 1.3% to $1,872 an ounce.
The 10-year bond fell 0.38% to 2.92%.
INSURANCE
Alignment Healthcare Inc. (Nasdaq: ALHC) jumped 11% to $11.31 and a $2.1 billion market cap. Volume at the Orange-based provider of Medicare Advantage plans was about a third of the daily average. The stock has almost doubled since its 52-week low of $6.14 in January.
AUTOMOTIVE
Iteris Inc. (Nasdaq: ITI) rose 11% to $2.99 and a $127 million market cap. The Santa Ana-based provider of transportation technology yesterday forecast fiscal 2023 revenue of $147 million to $155 million, above the $146.4 million average analyst consensus. It also announced a $10 million share buyback program.
