Orange County Business Journal

Midday Stock Roundup

Kari Hamanaka Thursday, June 13, 2013

The S&P 500 was up 0.65% to 1,622.98 in afternoon trading Thursday.

The Dow Jones industrial average rose 0.54% to 15,075.53, while the Nasdaq rose 0.60% to 3,420.94.

The yield on a 10-year Treasury bond was off 2.33% to 2.18%.

The price of gold slipped 0.95% to $1,378.90 per ounce.

HEALTHCARE

Irvine-based heart valve maker Edwards Lifesciences Corp. rose about 4% to $70.71 for a market value of $7.99 billion. Analysts at Credit Suisse upgraded Edwards’ shares from “neutral” to “outperform,” while Canaccord reiterated its “buy” rating earlier this week.

REAL ESTATE

Irvine-based homebuilder Standard Pacific Corp. rose about 3% to $8.60 for a market value of $2.98 billion. Homebuilders were generally up on Thursday.

TECHNOLOGY

Irvine-based Newport Corp. was up about 4% to $13.51 for a market value of $527.97 million.

The company recently released new mounting equipment for use with optical tables. Newport makes industrial lasers and other gear used by medical companies, chipmakers and manufacturers among other groups.

SERVICES

Irvine-based professional services firm Resources Connection Inc. was up about 3% to $11.52 with staffing companies generally up on Thursday. Resources Connection had a recent market value of $469.96 million.