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The Nasdaq rose 0.91% to 2,922 in midday trading Friday, while the Dow Jones Industrial Average was up 0.38% to 12,860.

The S&P 500 rose 0.73% to 1,388.

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The yield on a 10-year treasury bond was up 0.12% to 1.63%.

The price of gold rose 0.43% to $1,738 per ounce.

Shares of Aliso Viejo-based Microsemi Corp. were off about 3% to $18 following Needham & Co.’s downgrade of the chipmaker’s shares from “strong-buy” to “buy.” Microsemi had a recent market value of $1.6 billion.

Newport Beach specialty chemicals maker American Vanguard Corp. was up about 4% to $32 for a market value of $896 million.