Orange County Business Journal

Midday Stock Roundup

Paul Hughes Thursday, January 5, 2017

The S&P 500 was down 0.2% in midday trading to 2,266.22

The Dow Jones Industrial Average was down 0.4% to 19,869.21.

The NASDAQ was up 0.1% to 5,480.60.

The yield on a 10-year Treasury bond fell 3.2% to 2.37.

The price of gold rose 1.4% to $1,184.

RESTAURANTS

Huntington Beach-based BJ’s Restaurants Inc. was down 5% to $37 and an $854 million market cap. Wedbush downgraded the casual dining chain’s shares to “underperform” with a $34 price target.

RETAIL

OC retail stocks declined in a sector sell-off. Department store chains Macy’s Inc. and Kohl’s Corp. lowered earnings guidance for 2017. Macy’s and Sears Holding Corp. said they would close stores and slash jobs.

Tilly’s Inc. in Irvine was down 4% to $13.10 and a $374 million market cap. Boot Barn Holdings Inc., also in Irvine, was down 5% to a $348 million market cap.