Orange County Business Journal

Midday Stock Roundup

Kari Hamanaka Thursday, August 8, 2013

The S&P 500 was up 0.44% to 1,698.36 in afternoon trading Thursday.

The Dow Jones industrial average rose 0.28% to 15,513.29, while the Nasdaq rose 0.53% to 3,673.19.

The yield on a 10-year Treasury bond was off 0.69% to 2.58%.

The price of gold was up 1.88% to $1,309.50 per ounce.

RETAIL

Investors sent shares of Wet Seal Inc. up about 4% to $4.45 for a market value of $395.90 million. The company said Thursday that same-store sales for the quarter ended Aug. 3 swung to growth and earnings for the quarter are expected to fall in line with previously provided guidance.

HEALTHCARE

Mission Viejo-based The Ensign Group Inc. was off about 3% to $37.42, a day after the company released second-quarter results that missed analyst expectations. Ensign had a recent market value of $817.48 million.

Irvine-based Biolase Inc. shares plunged about 22% to $2.68, a day after reporting second-quarter results that fell below Wall Street estimates. Biolase had a recent market value of $85.06 million.

REAL ESTATE

Shares of Newport Beach-based homebuilder William Lyon Homes were up about 5% to $23.48 after the company reported second-quarter results before market open. William Lyon had a recent market value of $738.14 million.

TECHNOLOGY

Irvine-based Western Digital Corp. was up about 4% to $66.35 for a market value of $15.66 billion. Chief rival Seagate Technology Inc. of Cupertino was up about 2% to $41 for a market value of $14.72 billion