Orange County Business Journal

Midday Stock Roundup

Kari Hamanaka Wednesday, August 8, 2012

The Nasdaq was down 0.11% to 3,012.65 in midday trading Wednesday, while the Dow Jones Industrial Average rose 0.11% to 13,182.76.

The S&P 500 was up 0.08% to 1,402.44.

The yield on a 10-year treasury bond fell 0.31% to 1.62%.

The price of gold was up 0.23% to $1,613.40.

Shares of Newport Beach-based outpatient diagnostic imaging services Alliance Healthcare Services Inc. fell 9.24% to $1.08 in midday trading on Wednesday, erasing some gains seen yesterday.

Alliance, which had a recent market value of $57 million, reported earlier this week higher than expected savings from a cost-cutting measure. That news boosted its stock by nearly 20% on Tuesday.

Santa Ana-based Powerwave Technologies Inc., which makes wireless networking gear, was up 10.23% to $0.43 to a market value of about $13 million.