Midday Stock RoundupMonday, November 5, 2012
The Nasdaq was up 0.11% to 2,985 in midday trading Monday, while the Dow Jones Industrial Average was down 0.17% to 13,071.
The S&P 500 was off 0.15% to 1,412.
The yield on a 10-year treasury bond fell 2.61% to 1.68%.
The price of gold rose 0.48% to $1,682 per ounce.
Shares of Huntington Beach-based action sports apparel maker and retailer Quiksilver Inc. rose about 7% to $3.65 on an analyst upgrade. Quiksilver had a recent market value of $603 million.
Santa Ana for-profit school operator Corinthian Colleges Inc. fell about 9% to $2.48 for a market value of $212 million.
Corinthian Colleges said in a Monday filing with the Securities & Exchange Commission that it received a letter from the U.S. Department of Education regarding its composite score of 0.9. Such scores are used to determine a school’s eligibility in participating in federal student financial aid programs and can trigger an investigation among other actions if they fall under 1.
Corinthian attributed the low score to a $203.6 million impairment charge in 2011 and said its score, excluding the charge, would have been 2.1.