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Tuesday, Sep 17, 2024
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Midday Stock Roundup

Indexes declined after President Trump suggested a September trade meeting with China might not occur.

The S&P 500 fell 1.1% to 2,904.84 in midday trading.

The Dow Jones Industrial Average lost 0.7% to 25,182.60.

The Nasdaq dropped 1.3% to 7,933.30.

The yield on a 10-year Treasury bond traded 0.9% lower to 1.70%.

The price of gold was up 0.3% to $1,514.

The price of oil increased by 1.8% to $54.35 a barrel.

HEALTHCARE

Irvine’s Cryoport Inc. (Nasdaq: CYRX) jumped 9.5% to $22.16 and a $781 million market cap. The health sciences shipping and logistics provider yesterday reported second quarter revenue climbed 83% to $8.5 million. Shares have more than doubled this year.

TECHNOLOGY

Clean Energy Fuels Corp. (Nasdaq: CLNE) in Newport Beach fell 12% to $2.30 and a $482 million market cap. The natural gas station operator yesterday reported second quarter adjusted revenue rose 3.8% to $72 million from the same period a year ago. The shares have dropped 33% from their 52-week high in April.

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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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