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Sunday, Dec 4, 2022
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Midday Stock Roundup

The S&P 500 fell 0.8% to 2,903.93 during midday trading.

The Dow Jones Industrial Average was down 1.3% to 26,066.94.

The Nasdaq declined 0.9% to 7,887.84.

The yield on a 10-year Treasury bond fell 3.8% to 1.449%.

The price of gold increased 1.7% to $1,556.

The price for a barrel of oil fell 3% to $53.42

HEALTHCARE

ICU Medical Inc. (Nasdaq: ICUI) of Irvine fell 4.1% to $155.16 for a market cap of $3.2 billion. Zacks Research last week said the maker of infusion therapy devices “could be a stock to avoid from a technical perspective as the firm is seeing unfavorable trends on the moving average crossover front.”

REAL ESTATE

Real estate investment trusts continued their upward trend that started last Thursday. Sabra Health Care REIT Inc. (Nasdaq: SBRA) of Irvine rose 3.2% to $22.30 for a market cap of $4.2 billion. HCP Inc. (Nasdaq: HCP) also of Irvine was up 2.6% to $35.62 for a market cap of $17.4 billion. Care Trust REIT Inc. (Nasdaq: CTRE) of San Clemente rose 2.7% to $24.43 for a market cap of $2.3 billion.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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