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Friday, Oct 4, 2024
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Midday Stock Roundup

The S&P 500 was down 0.2% to 2,137.29. The Dow Jones Industrial Average was down 0.3% to 18,113.70. The NASDAQ was up 0.1% to 5,248.45.

The yield on a 10-year Treasury bond was flat at 1.75%.

The price of gold was flat to $1,267.

HEALTHCARE

Irvine-based HCP Inc. was down 2.1% to $35.89 and a $16.9 billion market cap. Investment analysts have lowered their price on the company based on the upcoming sale of its ManorCare subsidiary and its related skilled-nursing and assisted-living facilities. The healthcare real estate investment trust has scheduled the sale for Oct. 31.

SERVICES

Irvine-based CorVel Corp. was down 0.6% to $34.60 and a $678.1 million market cap on three times its usual trading volume. The company provides workers compensation cost containment services and plans to release its second quarter financials on Nov. 1.

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