Midday Stock RoundupTuesday, November 26, 2013
The S&P 500 rose 0.20% to 1,806.13 in afternoon trading Tuesday.
The Dow Jones Industrial Average was up 0.11% to 16,090.75, while the Nasdaq was up 0.58% to 4,017.67.
The yield on a 10-year Treasury bond was off 1.50% to 2.70%.
The price of gold was down 0.02% to $1,240.90 per ounce.
Homebuilder stocks were generally up on Tuesday after the S&P/Case-Shiller Home Price Indices showed home prices up 13.3% in September from a year earlier.
Irvine-based TRI Pointe Homes Inc. was up about 5% to $19.86 for a market value of $627.52 million.
TRI Pointe shares have risen about 17% since it announced this month its plans to buy the homebuilding division of Weyerhaeuser Co. for $2.7 billion.
Irvine-based Standard Pacific Corp. was up about 4% to $8.20 for a market value of $2.85 billion.
Newport Beach-based William Lyon Homes rose about 2% to $22.06 for a market value of $693.57 million.
Huntington Beach-based Quiksilver Inc. rose about 5% to $8.87 for a market value of $1.49 billion.
The action sports apparel maker and retailer announced a licensing deal with New York-based LF USA for kid’s apparel under its Quiksilver and DC brands. LF will handle the design, manufacturing and marketing for the kid’s lines beginning with fall 2014.
Aliso Viejo-based Smith Micro Software Inc. shares rose about 15% to $1.35, after the company regained compliance with the NASDAQ Capital Market's $1 minimum bid price requirement. Smith Micro had a recent market value of $50 million.