Midday Stock RoundupTuesday, August 14, 2012
The Nasdaq rose 0.01% to 3,022.72 in midday trading Tuesday, while the Dow Jones Industrial Average was up 0.10% to 13,182.18.
The S&P 500 rose 0.09% to 1,405.43.
The yield on a 10-year treasury bond was up 4.05% to 1.72%.
The price of gold was off 0.50% to $1,604.60.
Shares of Tustin-based drug developer Peregrine Pharmaceuticals Inc. fell 13.64% to $2.47 amid chatter that it could partner with a pharmaceutical company on its leading cancer drug. Peregrine had a market value of about $263 million.
Anaheim-based consulting company Willdan Group Inc. was up 17.24% to $1.36 to a market value of about $10 million. Willdan said last week it had renewed contracts with major clients in New York and the Midwest, which is expected to boost third and fourth quarter results.
Shares of Irvine-based Netlist Inc. rose 9.6% to $1.94 to a market value of $55 million. The company, which makes memory boards to manage servers, is expected to report earnings for the June quarter later today.