The S&P 500 was flat in midday trading at 2,084.26.
The Dow Jones Industrial Average was up 0.1% to 17,760.55.
The Nasdaq was up 0.2% to 5,084.80.
The yield on a 10-year Treasury bond was down 0.8% to 2.25%.
The price of gold was up 0.8% to $1,077.
Irvine-based Habit Restaurants Inc. was down 9% to $21.81 and a $610 million market cap. The burger chain planned to commence a secondary offering, in which holders of the company’s Class A common stock will sell up to 5.75 million shares. Habit Restaurants isn’t selling any shares.
Irvine-based Netlist Inc. was up 30% to 86 cents and a $43 million market cap. The memory subsystems maker said it entered a joint venture with Samsung Electronics Co. Ltd. to produce new products. Netlist with the deal gets $23 million—$8 million in cash and a $15 million investment from Samsung Venture Investment Corp—and milestone payments as products are introduced, expected to start in 2016. Shares in Netlist are up 70% so far this week.
Irvine-based Boot Barn Holdings Inc. was down 7% to $10.14 and a $267 million market cap. Analysts at Wells Fargo downgraded the western wear retailer’s shares to “market perform.”