Midday Stock RoundupThursday, 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.
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.
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.