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Wednesday, Dec 7, 2022
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Midday Stock Roundup

Indexes continued their climb in August on optimism of a coronavirus vaccine and the amount of stimulus in the economy.

The S&P 500 rose 1.2% to 3,373.55 in midday trading while the Dow Jones Industrial Average climbed 0.7% to 27,869.37 and the Nasdaq jumped 1.9% to 10,989.04.

Crude oil was up 1.9% to $42.39.

Gold was up 0.5% to $1,955.40 an ounce.

The yield on a 10-year bond rose 0.5% to 0.661%.

HEALTHCARE

Inari Medical Inc. (Nasdaq: NARI) rose 13% to $69.90 for a market cap of $3.4 billion. The Irvine-based medical device maker, whose products treat blood clots in veins, yesterday reported second-quarter results that beat analysts’ consensus estimate.

TECHNOLOGY

Veritone Inc. (Nasdaq: VERI) dropped 7.5% to $11.15 and a $310 million market cap. Shares of the Costa Mesa-based firm, which is trying to use artificial intelligence in the media advertising space, are now down 14% after reporting second quarter results on Aug. 10 that showed sales slippage in the AI unit.

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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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