Midday Stock RoundupThursday, April 11, 2013
The S&P 500 rose 0.53% to 1,596.16 in afternoon trading Thursday.
The Dow Jones industrial average was up 0.56% to 14,885.27, while the Nasdaq was up 0.15% to 3,302.33.
The yield on a 10-year Treasury bond was down 0.83% to 1.79%.
The price of gold rose 0.42% to $1,565.30 per ounce.
Shares of Irvine-based CoreLogic Inc. rose about 8% to $26.18 for a market value of $2.55 billion. CoreLogic, which provides data and analytics for the real estate and mortgage industries, is expected to report first-quarter results later this month.
Santa Ana-based title insurer First American Financial Corp. was up about 3% to $27.31 for a market value of $2.93 billion. First American is up 6.7% so far this year on the strengthening housing market.
Irvine-based Broadcom Corp.’s shares were off about 2% to $33.71 after a Barclays Capital report downgraded its shares from “overweight” to “underweight” in a report on chipmakers that cut the overall rating for the industry from “positive” to “neutral.” Broadcom had a recent market capitalization of $19.19 billion.
Shares of Irvine disk drive maker Western Digital Corp. fell about 2% to $51.96 for a market value of $12.5 billion after industry researcher International Data Corp. reported a 14% first-quarter slump in worldwide personal computer sales, the worst quarterly performance on record. Competitor Seagate Technology PLC shares were off about 4% to a market capitalization of $13 billion on the news.
Huntington Beach-based BJ's Restaurants Inc. fell about 1% to $33.58 for a market value of $943.78 million. Restaurant operators were generally mixed in afternoon trading Thursday.