Orange County Business Journal

Midday Stock Roundup

Kari Hamanaka Friday, May 16, 2014

The S&P 500 fell 0.02% to 1,870.40 in afternoon trading Friday.

The Dow Jones Industrial Average was off 0.08% to 16,434.35, while the Nasdaq was down 0.18% to 4,062.01.

The yield on a 10-Year Treasury bond was flat at 2.50%.

The price of gold rose 0.03% to $1,294 per ounce.

REAL ESTATE

Irvine-based TRI Pointe Homes Inc. rose about 3% to $16.67 for a market value of $527.31 million.

Sidoti & Company LLC raised its rating on the company's stock from "neutral" to "buy."

HEALTHCARE

Anaheim-based drug maker Questcor Pharmaceuticals Inc. rose about 2% to $90.01 for a recent market value of $5.32 billion.

SERVICES

Newport Beach patent licensing company Acacia Research Corp. was off about 3% to $14.85 for a market value of $743.42 million. The company held its annual meeting on Thursday, when shareholders elected two board members and approved executive compensation.