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Thursday, Sep 29, 2022
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Midday Stock Roundup

Rising COVID-19 infection rates and the possibility of a return on reopening restrictions rattled investors as U.S. stocks dropped Friday.

The S&P 500 fell 1.9% to 3,023.49, while the Dow Jones Industrial Average slumped 2.3% to 25,148.07.

The Nasdaq was off 1.9% to 9,821.12.

Crude oil fell 1.7% to $38.07.

Gold rose 0.6% to $1,781.40.

The yield on a 10-year Treasury slid 5.6% to 0.64%.

TECHNOLOGY

CoreLogic Inc. (NYSE: CLGX) shares surged 25.4% to $66.39 after Cannae Holdings Inc. and Senator Investment Group LP put in a bid for the Irvine-based company of $65 a share. The offer reflects a nearly 23% premium over CoreLogic’s Thursday closing price. The company had a recent market capitalization of $5.3 billion.  

FINANCE

First American Financial Corp. (NYSE: FAF), with a market cap of $5.2 billion, was down 2.3% to $46.97. The Santa Ana title insurance provider was trading at about a third of its average daily volume.

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