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Sunday, Mar 29, 2026
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Midday Stock Roundup

Major indexes continued falling – about 15% this month – on concerns about rising interest rates, slowing U.S. growth and a continuing federal government shutdown. The markets closed early for Christmas Eve.

The S&P 500 fell 2.7% to 2,351.10.The Dow Jones Industrial Average declined 2.9% to 21,792.20. The Nasdaq was down 2.2% to 6,192.92.

The yield on a 10-year Treasury bond was 1.4% lower to 2.75%.

The price of gold was 1.1% higher to $1,272.

The price of a barrel of crude oil fell 3.6% to $43.94.

HEALTHCARE

HCP Inc. (NYSE: HCP) in Irvine fell 5.2% to $26.80 and a $13 billion market cap. Shares of the healthcare REIT have declined 11% since a 52-week high on Dec. 6.

Urovant Sciences Ltd. (Nasdaq: UROV) jumped 21% to $5.21 and a $158 million market cap.

The reason for the increase wasn’t clear because the company hasn’t issued a press release or a filing in the past couple of days. The Irvine-based clinical stage biopharma company went public in late September at $14 a share.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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