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Monday, Jun 5, 2023
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Midday Stock Roundup

The S&P 500 was down less than 0.1% in midday trading at 2,974.37.

The Dow Jones Industrial Average decreased 0.3% to 26,718.38

The Nasdaq climbed 0.3% to 8,126.00

The yield on a 10-year Treasury bond rose 1.3% to 2.06%.

The price of gold fell less than 0.1% to $1,399.

The price of oil was up 0.4% at $57.91 a barrel.

MANUFACTURING

Kaiser Aluminum Corporation (Nasdaq: KALU) in Foothill Ranch was down 3.6% at $90.74 a share with a market cap of $1.5 billion. The Detroit Free Press reported that Ford has decided a mixed materials strategy for the 2020 Explorer SUV to save weight, rather than having all-aluminum bodies.

HEALTHCARE

Edwards Lifesciences Corp. (NYSE) in Irvine was up 1.4% to $189.42 a share with a market cap of $38.8 billion. The shares have risen 12% since the beginning of June despite the company’s voluntary recall of the IntraClude intra-aortic occlusion device in May.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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