Midday Stock RoundupFriday, September 6, 2013
The S&P 500 was up 0.40% to 1,661.75 in midday trading Friday.
The Dow Jones Industrial Average was up 0.33% to 14,987.02, while the Nasdaq was up 0.29% to 3,669.57.
The yield on a 10-year Treasury bond was off 2.55% to 2.90%.
The price of gold rose 1.03% to $1,387.10 per ounce.
Shares of Quiksilver Inc. shot up nearly 32% in afternoon trading to $6.84 as the action sports apparel maker and retailer appears to have turned a corner in improving its business. The company beat analyst expectations on earnings. It also reported a trim in selling, general and administrative expenses, as well as a $4 million increase in earnings before interest, taxes, depreciation and amortization. Quiksilver had a recent market value of $1.14 billion
Irvine-based Standard Pacific Corp. shares rose about 4% to $7.47 for a market value of $2.59 billion.
The homebuilder is reportedly one of three bidders vying for Shapell Homes of Beverly Hills.
Local action sports retailers received a boost from yesterday’s second-quarter earnings results for Washington-based rival Zumiez Inc., which beat Wall Street expectations on earnings.
Anaheim-based Pacific Sunwear of California Inc. was up nearly 7% to $3.27 for a market value of $223.87 million.
Tilly's Inc. of Irvine was up about 1% to $13.87 for a market value of $385.17 million.