Midday Stock RoundupThursday, May 16, 2013
The S&P 500 fell 0.11% to 1,657.03 in afternoon trading Thursday.
The Dow Jones industrial average was up 0.02% to 15,278.13, while the Nasdaq was up 0.14% to 3,476.40.
The yield on a 10-year Treasury bond was off 3.55% to 1.87%.
The price of gold fell 0.81% to $1,384.90 per ounce.
General contractors and builders were generally down on Thursday, after April housing data was released and showed housing starts slumping nearly 17% from the previous month to 853,000.
Newport Beach-based William Lyon Homes was trading at $26.12 Thursday afternoon, above the company’s $25 initial public offering price. William Lyon has a market value of $800 million.
Standard Pacific Corp. of Irvine was down about 4% to $9.15. The homebuilder had a market value of $3.2 billion.
Irvine-based TRI Pointe Homes Inc.’s shares were off about 4% to $18.25 for a market value of $576.65 million.
Irvine heart valve maker Edwards Lifesciences Corp. was down about 3% to $69 for a market value of $7.79 billion. Medical device companies were generally down on Thursday.
Santa Ana-based for-profit school operator Corinthian Colleges Inc. continued its rise with its stock up 6% to $2.47 for a market value of $212.87 million. Corinthian is up 21.5% so far this week.