The S&P 500 rose 1.4% to 3,853.62 during midday trading.
The Dow Jones Industrial Average was up 0.8% to 31,183.67.
The Nasdaq climbed 1.9% to 13,441.96.
The yield on a 10-year Treasury bond rose 0.183% to 1.094%.
The price of gold ticked up 1.4% to $1,866.
The price for a barrel of oil rose 1.1% to $53.54.
SERVICES
Santa Ana-based collectibles authenticator Collectors Universe Inc. (Nasdaq: CLCT) jumped 18% to $91.60 and an $830 million market cap. A group of investors led by entrepreneur and sports card collector Nat Turner, D1 Capital Partners L.P., and Cohen Private Ventures LLC today increased its offer to $92 a share, up from a $75.25 offer made in November. The company today also reported preliminary second-quarter revenue of $35.4 million, almost double the $19.5 million in the same period a year ago.
HOME BUILDER
Irvine-based TriPointe Homes Inc. (NYSE: TPH) climbed 12% to $20.54 for a $2.6 billion market cap. The home builder yesterday announced that it is consolidating its six regional homebuilding brands into one unified name—Tri Pointe Homes. The previously named TRI Pointe Group Inc. was renamed Tri Pointe Homes, Inc., and each of its 15 divisions across the nation will operate under the name Tri Pointe Homes.
