The S&P 500 was up 1% in midday trading to 2,688.61.

The Dow Jones Industrial Average rose 0.6% to 24,776.79.

The Nasdaq climbed 1.4% to 7,108.41.

The yield on a 10-year Treasury bond leapt 2.3% to 2.90%.

The price of gold was 1.7% higher to $1,353.

HEALTHCARE

HCP Inc. (NYSE: HCP) in Irvine was down 2.2% to $22 and a $10.4 billion market cap. The healthcare REIT’s revenue missed analyst expectations and funds from operations narrowly—1.2%—beat them.

Sabra Health Care REIT Inc. (Nasdaq: SBRA) in Irvine was down 2.2% to $16 and a $2.9 billion market cap. The healthcare REIT trades ex-dividend today; its current yield is about 10.7%.