Midday Stock RoundupThursday, November 1, 2012
The Nasdaq was up 1.24% to 3,014 in midday trading Thursday, while the Dow Jones Industrial Average rose 0.91% to 13,216.
The S&P 500 was up 0.90% to 1,425.
The yield on a 10-year treasury bond rose 1.96% to 1.72%.
The price of gold fell 0.13% to $1,717 per ounce.
Shares of Santa Ana-based Ingram Micro Inc. were up about 4% to $16 for a market value of about $2.4 billion. The company said Wednesday its European division inked a distribution partnership agreement with Irvine-based Lantronix Inc. to provide delivery and distribution services for Lantronix in Europe.
Newport Beach-based specialty chemicals maker American Vanguard Corp. fell about 9% to $33, despite reporting sales and profits up in the third quarter. The company’s shares have about doubled so far this year, to a recent market value of $920 million.
Shares of Irvine-based laser maker Newport Corp. were up 15% to $12 for a market value of $477 million. The company beat on analyst expectations with its third-quarter profit. Revenue, which fell short of analyst expectations, was up 13% during the quarter.
Irvine-based Impac Mortgage Holdings Inc. rose 27% to $13, a day after reporting a third-quarter profit driven by its mortgage lending business and the settlement of litigation. The company had a recent market value of $100 million.