The S&P 500 was up 0.5% in midday trading to 2,550.21.

The Dow Jones Industrial Average rose 0.4% to 22,757.90.

The NASDAQ increased 0.6% to 6,574.21.

The yield on a 10-year Treasury bond jumped 1% to 2.35%

The price of gold fell 0.1% to $1,276.

SERVICES

Irvine-based Resources Connection Inc. (NASDAQ: RECN) increased 6.3% to $15.15 and a $453 million market cap. The consulting firm reported fiscal first quarter sales yesterday of $141.2 million, surpassing the average estimate of three analysts surveyed by Zacks.

FINANCE

Irvine-based Pacific Premier Bancorp (NASDAQ: PPBI) rose 4.1% to $39.12 and a $1.6 billion market cap. The bank is scheduled to be added to the S&P SmallCap 600 Index.