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Thursday, Jan 26, 2023
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Midday Stock Roundup

The S&P 500 fell 0.1% in midday trading to 2,440.81.

The Dow Jones Industrial Average rose 0.1% to 21,831.31.

The Nasdaq fell 0.1% to 6,274.37.

The yield on a 10-year Treasury bond increased 0.6% to 2.18%.

The price of gold declined 0.2% to $1,292.

SERVICES

Newport Beach-based Acacia Research Corp. (Nasdaq: ACTG) rose 13% to $3.50 and a $177 million market cap. Shares of the patent licenser have climbed six straight trading sessions since hitting a 52-week low on Aug. 16. Acacia owns about 31% of Veritone Inc., a technology firm whose shares have also risen in the past week following positive media coverage.

RETAIL

Irvine-based Tilly’s Inc. (NYSE: TLYS) declined 5.8% to $9.04 and a $260 million market cap. The shares had risen 10% yesterday before the retailer of action-sports apparel reported second-quarter revenue and adjusted profit that topped analyst estimates.

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Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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