Major stock indexes were generally lower, extending losses that started last week as investors braced for a possible second wave of the coronavirus pandemic.
The S&P 500 was down 0.3% to 3,032.58 during midday trading.
The Dow Jones Industrial Average fell 0.4% to 25,498.69.
However, the Nasdaq climbed 0.3% to 9,617.75.
The yield on a 10-year Treasury bond fell 1.4%. to 0.689%
The price of gold decreased 0.6% to $1,727.
The price for a barrel of oil fell 0.8% to $36.55.
REAL ESTATE
Irvine-based hospitality REIT Sunstone Hotel Investors Inc. (NYSE: SHO) fell 3.2% to $9.45 a share for a market cap of a little more than $2 billion. Investors’ worries over reopening of the economy during the coronavirus pandemic pushed down travel and leisure stocks on the S&P 500.
TECHNOLOGY
Artificial intelligence company Veritone Inc. (Nasdaq: VERI) of Costa Mesa rose 7.2% to $13.48 per share for a market cap of $361.3 million. Zacks Investment Research last week called Veritone one of its “top picks” with an expected earnings growth rate of 42.8% for the current year. The stock has more than quintupled in value since the start of 2020.
