Midday Stock RoundupWednesday, August 7, 2013
The S&P 500 was off 0.35% to 1,691.47 in afternoon trading Wednesday.
The Dow Jones industrial average fell 0.31% to 15,471.15, while the Nasdaq slipped 0.41% to 3,650.87.
The yield on a 10-year Treasury bond was down 1.21% to 2.61%.
The price of gold was up 0.19% to $1,285 per ounce.
Shares of OC-based apparel and retail companies joined an industry wide dip after Pittsburgh-based teen retailer American Eagle Outfitters Inc. lowered expectations for its second-quarter earnings, when it saw declines in overall revenue and same-store sales. The downward revision came in advance of the crucial back-to-school sales season.
Huntington Beach-based apparel maker and retailer Quiksilver Inc. slipped about 4% to $6.19 for a market value of $1.04 billion.
Anaheim-based action sports retailer Pacific Sunwear of California Inc. shares were off about 4% to $4.08 for a market value of $279.09 million.
Young women’s and teens retailer Wet Seal Inc. of Foothill Ranch was down less than 1% to $4.21 for a market capitalization of $374.59 million.
Action sports retailer Tilly's Inc. shares were down about 1% to $14.61 and market value of $404.93 million.
Shares of Irvine-based molecular diagnostics company CombiMatrix Corp. were off about 12% to $3.42. The company, which had a recent market value of $12.26 million, released second-quarter results before market open on Wednesday and said it expects to regain compliance with the minimum stockholders' equity requirement for a listing on the Nasdaq.