Midday Stock RoundupFriday, October 18, 2013
The S&P 500 rose 0.57% to 1,742.99 in afternoon trading Friday.
The Dow Jones Industrial Average was up 0.11% to 15,389.21, while the Nasdaq was up 1.11% to 3,906.18.
The yield on a 10-year Treasury bond rose 0.19% to 2.59%.
The price of gold slipped 0.72% to $1,313.50 per ounce.
Newport Beach-based patent licensing company Acacia Research Corp. shares dipped 21% to $15.41, a day after the company released disappointing third-quarter results. Analysts at Stephens Inc. downgraded the company's stock from "overweight" to "underweight" on the results. Acacia had a recent market value of $769.78 million.
Irvine-based auto financing company Consumer Portfolio Services Inc.'s shares were up about 7% to $7.48, a day after reporting third-quarter income and revenue up from the year-ago period. The company is up 35% since the start of the year and had a recent market value of $161.60 million.
Huntington Beach-based Quiksilver Inc. was up about 3% to $7.40 for a market value of $1.24 billion. The action-sports apparel maker and retailer's shares are up more than 64% so far this year.