The S&P 500 was up 0.20% to 1,660.32 in midday trading Friday.

The Dow Jones industrial average rose 0.12% to 14,981.44, while the Nasdaq rose 0.38% to 3,652.36.

The yield on a 10-year Treasury bond was off 2.55% to 2.83%.

The price of gold rose 1.77% to $1,395.10 per ounce.


Shares of homebuilders fell on a U.S. Census Bureau report of a 13.4% fall in single-family home sales in July.

Irvine-based Standard Pacific Corp. was off about 4% to $7.58 for a market value of $2.63 billion.

Newport Beach-based William Lyon Homes was down about 3% to $21.22 for a market value of $667.09 million.

TRI Pointe Homes Inc. fell about 3% to $14.91 for a market value of $471.11 million.


This week has been a rollercoaster ride for local and national chains after a raft of quarterly earnings results produced a mixed view of the retail landscape.

OC teen retailers took a hit on Friday on the quarterly results for New York-based Aeropostale Inc., which tanked about 20%, to a market value of $687.37 million, a day after reporting disappointing quarterly results. Aeropostale echoed a now-familiar sentiment of weak traffic and heavy discounting for teen retail.

Anaheim-based Pacific Sunwear of California Inc. shares were trading down about 6% to $3.57 for a market value of $244.20 million.

Foothill Ranch-based Wet Seal Inc. was down about 4% to $3.67. Wet Seal, which had a recent market value of $326.10 million, said in a Securities & Exchange Commission filing on Thursday that a major shareholder is pushing for reinstatement of a share repurchase program. The company recently completed its $25 million buyback program announced earlier this year.

Irvine-based Tilly's Inc. was down about 2% to $12.90 for a market value of $357.54 million.

Pacific Sunwear, Wet Seal and Tilly’s are expected to report their quarterly earnings next week.