The S&P 500 was up 0.1% in midday trading to 2,111.28.

The Dow Jones Industrial Average was up 0.1% to 18,072.35.

The Nasdaq was up 0.1% to 5,111.18.

The yield on a 10-year Treasury bond was down 1.7% to 2.36%.

The price of gold was down 0.5% to $1,147.

BANKING

Irvine-based First Foundation Inc. was up 1.4% to $19.80 and a $162 million market cap. Raymond James and D.A. Davidson initiated coverage on shares of wealth manager and bank operator, with “outperform” and “buy” ratings, respectively, and price targets of $22 and $23.50.

HEALTHCARE

Irvine-based medical device maker Endologix Inc. was down 4% to $14.85 and a $1 billion market cap on above-average volume.

RESTAURANTS

Irvine-based fast-casual burger chain Habit Restaurants Inc. was down 6% to $29.53 and a $757 million market cap on above-average volume.