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Wednesday, Jul 17, 2024
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Midday Stock Roundup

The S&P 500 declined 0.3% in midday trading to 2,869.28.

The Dow Jones Industrial Average fell 0.5% to 25,858.40.

The Nasdaq dropped 0.2% to 7,907.33.

The yield on a 10-year Treasury bond jumped 2.2% to 2.94%.

The price of gold was down 0.3% to $1,201.

TECHNOLOGY

Acacia Research Corp. (Nasdaq: ACTG) of Newport Beach rebounded 7.5% to $3.60 and a $178 million market cap. Shares of Acacia Research, which licenses patents and invests in technology, fell 12% yesterday to $3.35.

RETAIL

Boot Barn Holdings Inc. (NYSE: BOOT) in Irvine was up 2.6% to $30.51 and an $854 million market cap. Since the company boosted its fiscal outlook on Aug. 7, the shares have jumped 31%. In the past year, the shares are up four-fold.

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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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