Midday Stock RoundupFriday, February 22, 2013
The S&P 500 rose 0.64% to 1,512 in afternoon trading Friday.
The Dow Jones Industrial Average was up 0.74% to 13,984, while the Nasdaq was up 0.72% to 3,154.
The yield on a 10-year treasury bond was off 0.20% to 1.97%.
The price of gold fell 0.39% to $1,572 per ounce.
Shares of Irvine-based real estate data analytics provider CoreLogic Inc. were down 8% to $25, despite reporting better-than-expected earnings after market close on Thursday. The company closed down about 3% on Thursday with a recent market value of $2.4 billion. Several large homebuilders saw shares fall this week touched off by weaker-than-expected earnings for Toll Brothers Inc.
Irvine molecular diagnostics company CombiMatrix Corp. fell back about 21% to $5, a day after shares surged 136% on a Seeking Alpha report that suggested the company’s stock could double by the end of the month after the company reports its fourth-quarter and full-year financial results. The company announced Friday that Chief Commercial Officer Mark McDonough is expected to become chief executive March 15. CombiMatrix had a recent market value of $5.8 million.