Orange County Business Journal

Midday Stock Roundup

Kari Hamanaka Friday, August 16, 2013

The S&P 500 was down 0.37% to 1,655.16 in afternoon trading Friday.

The Dow Jones industrial average was down 0.28% to 15,070.41, while the Nasdaq was up 0.05% to 3,607.91.

The yield on a 10-year Treasury bond rose 3.48% to 2.85%.

The price of gold was up 0.50% to $1,367.70 per ounce.

REAL ESTATE

Homebuilder stocks rose on Friday, pushed up by new U.S. Department of Commerce data showing an increase in July housing starts, driven by apartment construction.

Newport Beach-based William Lyon Homes was up about 6% to $21.56 for a market value of $677.72 million.

Irvine-based TRI Pointe Homes Inc. rose about 2% to $15.38 for a market value of $485.96 million.

Standard Pacific Corp. of Irvine was up about 1% to $7.70 for a market value of $2.67 billion.

HEALTHCARE

Irvine heart valve maker Edwards Lifesciences Corp. was down about 2% to $69.83 for a market value of $7.86 billion. Medical device companies were generally down on Friday.