Orange County Business Journal

Midday Stock Roundup

Kari Hamanaka Thursday, October 10, 2013

The S&P 500 rose 1.64% to 1,683.63 in afternoon trading Thursday.

The Dow Jones Industrial Average was up 1.57% to 15,036.08, while the Nasdaq was up 1.93% to 3,748.94.

The yield on a 10-year Treasury bond rose 2.15% to 2.71%.

The price of gold slipped 0.73% to 1,297.60 per ounce.

HEALTHCARE

Anaheim-based drug maker Questcor Pharmaceuticals Inc. rose 8.5% to $59.24 for a market value of $3.49 billion. The company said Thursday it will raise its quarterly dividend by 20% to 30 cents to be paid Oct. 30. Questcor cited increased usage of its sole drug H.P. Acthar gel along with the company’s generally strong financial performance as the reason for the bump.

APPAREL

Huntington Beach-based Quiksilver Inc. was up about 5% to $6.92 for a market value of $1.16 billion.

MANUFACTURING

Anaheim food manufacturer Bridgford Foods Corp. was up 12% to $11 for a market value of $100.63 million. The company's shares are up about 42% so far this year.