Orange County Business Journal

Midday Stock Roundup

Kari Hamanaka Thursday, September 19, 2013

U.S. stock markets eased off record highs seen yesterday after the Federal Reserve said it would continue its monthly bond-buying program.

The S&P 500 was down about 0.20% to 1,722.03 in afternoon trading Thursday.

The Dow Jones industrial average fell 0.23% to 15,640.39, while the Nasdaq rose 0.06% to 3,786.09.

The yield on a 10-year Treasury bond was up 0.74% to 2.73%.

The price of gold rose 5.02% to $1,373.30 per ounce.

TECHNOLOGY

Aliso Viejo-based chipmaker Microsemi Corp. was down about 3% to $25.40 for a market value of $2.37 billion. Wells Fargo lowered its rating on the company's stock from "outperform" to "market perform."

HEALTHCARE

Anaheim-based drug maker Questcor Pharmaceuticals Inc. was down about 5% to $62.21 for a market value of $3.67 billion.