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Saturday, Feb 24, 2024
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Midday Stock Roundup

The S&P 500 rose 0.4% to 3,114.05 in midday trading.

The Dow Jones Industrial Average was flat at 25,822.56.

The Nasdaq climbed 0.8% to 10,136.19.

The yield on a 10-year Treasury bond climbed 3.1% to 0.67%

The price of gold fell 1.2% to $1,780 an ounce.

The price for a barrel of oil rose 1.2% to $39.75.

TECHNOLOGY

Irvine-based Alteryx Inc. rose 5.7% to $173.58 a share and an $11.5 billion market cap. Shares of the provider of data analytics have more than doubled since April.

HEALTHCARE

Tustin-based Avid Bioservices Inc. (NASDAQ: CDMO) jumped 12% to $7.36 a share for a market cap of $414 million. Avid, a contract manufacturer of biopharmaceuticals, yesterday reported fourth-quarter sales of $12.6 million, topping the average analyst estimate of $8.5 million.

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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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