Orange County Business Journal

Midday Stock Roundup

Kari Hamanaka Wednesday, September 18, 2013

The S&P 500 slipped 0.08% to 1,703.33 in afternoon trading Wednesday.

The Dow Jones industrial average was off 0.24% to 15,492.90, while the Nasdaq was down 0.10% to 3,741.96.

The yield on a 10-year Treasury bond was flat at 2.85%.

The price of gold fell 0.08% to $1,308.40 per ounce.

HEALTHCARE

Irvine-based heart valve maker Edwards Lifesciences Corp. was down about 2% to $70.02 for a market value of $7.86 billion. A federal judge ruled in favor of Edwards rival Medtronic Inc. in a patent case saying Medtronic’s patents were valid.

REAL ESTATE

Irvine real estate investor Sabra Health Care REIT Inc. was up about 2% to $22.98, after Jefferies & Co. upgraded the company's stock from "hold" to "buy." Sabra had a recent market value of $857.91 million.