Midday Stock RoundupMonday, December 23, 2013
The S&P 500 was up 0.54% to 1,828.20 in afternoon trading Monday.
The Dow Jones Industrial Average was up 0.48% to 16,299.59, while the Nasdaq was up 0.95% to 4,143.63.
The yield on a 10-year Treasury bond rose 0.94% to 2.91%.
The price of gold slipped 0.46% to $1,198.20 per ounce.
Homebuilders rallied on Monday, led by Los Angeles-based KB Home. The company was up about 6% to $18 following a Citigroup Inc. upgrade from “sell” to “neutral.” KB Home had a recent market value of $1.51 billion.
Irvine-based Standard Pacific Corp. rose about 4% to $8.76 for a market value of $3.04 billion.
William Lyon Homes was up about 2% to $21.01. The Newport Beach-based homebuilder had a market value of $660.55 million.
Irvine-based TRI Pointe Homes Inc. rose about 2% to $19.70 for a market value of $622.46 million.
Huntington Beach-based BJ's Restaurants Inc. was up about 3% to $31.17 for a market value of $879.84 million. Restaurant companies were generally mixed on Monday.