Markets continued rising today for the 10th time in the past 11 trading sessions after new data suggested a slow labor market recovery is underway.
The S&P 500 rose 1.5% to 3,579.55 in midday trading while the Dow Jones Industrial Average also climbed 1.5% to 29,076.71. The Nasdaq increased 0.9% to 12,041.60.
Crude oil fell 3.3% to $41.34.
Gold slumped 1.6% to $1,948.
The yield on a 10-year Treasury was down 3.1% to 0.651%.
RESTAURANTS
Kura Sushi USA Inc. (Nasdaq: KRUS) of Irvine climbed 16% to $14.20 and a $118 million market cap. The company yesterday said CEO Hajime Uba has taken over interim chief operating officer duties after COO Manabu Kamei last week resigned. Volume was about twice the daily average of 74,450.
MEDICAL DEVICES
Lake Forest-based medical device maker Staar Surgical Company (Nasdaq: STAA) jumped 11% to $53.69 and a $2.5 billion market cap. CEO Caren Mason and CFO Patrick F. Williams are scheduled to speak today at a conference hosted by the William Blair & Co. investment firm.
