Major stock indices were down today on concerns the U.S. Federal Reserve would raise rates.
The S&P 500 was down 1.3% to 2,053.13 in midday trading. The Dow Jones Industrial Average was down 1.4% to 17,737.59. The Nasdaq was down 1.2% to 4,881.64
The yield on a 10-year Treasury bond declined 2.9% to 2.13%
The price of gold fell 0.5% to $1,160.60
Irvine-based Boot Barn Holdings Inc. is up 1.5% to $24.58 and a $632 million market cap. BB&T Capital Markets initiated coverage on the company today with a “buy” recommendation.
Irvine-based Habit Restaurants Inc. is up another 3.3% to $36.20 and a $940 million market cap as the fast casual burger chain prepares to release earnings after markets close today. Shares rose about 7% yesterday.