The S&P 500 was up 0.3% in midday trading to 2,172.44.

The Dow Jones Industrial Average was up 0.1% to 18,541.58.

The NASDAQ was up 0.5% to 5,099.70.

The yield on a 10-year Treasury bond was down 1% to 1.55%.

The price of gold was down 0.6% to $1,323.


Irvine-based Ingram Micro was down 2% to $34.30 and a $5.1 billion market cap. The technology products distributor’s pending $6 billion acquisition by a Chinese company hit a snag when the Shanghai Stock Exchange sought more information from the buyer abut financing risks and compliance associated with the acquisition.


Irvine-based Banc of California Inc. was up 5.3% to $20.74 and a $913 million market cap. The bank holding company yesterday reported quarterly net income of $26.5 million that exceeded Wall Street expectations and was a year-over-year increase of 70%.