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Friday, Apr 12, 2024
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Midday Stock Roundup

The S&P 500 rose 0.2% in midday trading to 2,570.12.

The Dow Jones Industrial Average jumped 0.9% to 23,474.91.

The Nasdaq increased 0.3% to 6,603.20.

The yield on a 10-year Treasury bond rose 1.4% to 2.41%

The price of gold fell 0.3% to $1,277.

HEALTHCARE

Irvine-based ChromaDex Corp. (Nasdaq: CDXC) fell 4.1% to $4.01 and a $193 million market cap. Shares of the maker of ingredients for dietary supplements are still up about 79% from a 52-week low in April.

Peregrine Pharmaceuticals Inc. (Nasdaq: PPHM) climbed 3.7% to $4.26 and a $192 million market cap. The Tustin-based company named Patrick Walsh, chief executive of contract manufacturer Avista Pharma Solutions, to its board. Shares of Peregrine, which is developing drugs to fight cancer, have risen about 48% since Sept. 8.

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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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