Midday Stock RoundupMonday, December 9, 2013
The S&P 500 was up 0.30% to 1,810.50 in afternoon trading Monday.
The Dow Jones Industrial Average was up 0.19% to 16,050.42, while the Nasdaq was up 0.19% to 4,070.19.
The yield on a 10-year Treasury bond was down 1.08% to 2.85%.
The price of gold rose 0.41% to $1,234 per ounce.
Irvine-based heart device maker Edwards Lifesciences Corp. was down about 6% to $62.63 for a market value of $6.85 billion. The company delivered disappointing guidance for its Sapien heart valve at its investor conference in New York on Monday citing increased competition. Edwards shares are down 28% so far this year.
Local homebuilders rose on Monday, in line with a general updraft for the industry.
Irvine-based TRI Pointe Homes Inc. was up about 3% to $19.32 for a market value of $610.45 million.
Standard Pacific Corp.,. also in Irvine, was up about 2% to $8.26 for a market value of $2.87 billion.
Huntington Beach-based Quiksilver Inc. shares were down about 6% to $7.90 for a market value of $1.33 billion.