Orange County Business Journal

Midday Stock Roundup

Kari Hamanaka Tuesday, July 2, 2013

The S&P 500 rose 0.25% to 1,618.96 in afternoon trading Tuesday.

The Dow Jones industrial average was up 0.14% to 14,995.23, while the Nasdaq was up 0.13% to 3,438.93.

The yield on a 10-year Treasury bond was off 0.44% to 2.48%.

The price of gold slipped 0.81% to $1,245.70 per ounce.

HEALTHCARE

Foothill Ranch-based Skilled Healthcare Group Inc.'s shares were down about 6% to $6.22, a day after the company said Chairman and Chief Executive Boyd Hendrickson plans to retire near the end of the year. Skilled Healthcare had a recent market value of $244.13 million.

RETAIL

Anaheim-based Pacific Sunwear of California Inc. rose about 7% to $3.90 for a market value of $266.78 million. The action-sports retailer continues to make headway in a multi-year turnaround and saw its stock upgraded from “neutral” to “outperform” by Wedbush Securities analysts last week. Pacific Sunwear’s stock is up 119% so far this year.

REAL ESTATE

Newport Beach-based William Lyon Homes was off about 4% to $24.45 for a market value of $768.63 million. Homebuilders were generally mixed on Tuesday.