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The S&P 500 was flat in midday trading at 2,477.62

The Dow Jones Industrial Average was up 0.4% to 21,695.37.

The NASDAQ was up 0.1% to 6,420.12.

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The yield on a 10-year Treasury bond was down 0.1% to 2.32%.

The price of gold was down 0.2% to $1,256.


First Foundation Inc. (NASDAQ: FFWM) in Irvine was up 5% to $17.79 and a $593 million market cap. The banking and wealth management firm topped analyst estimates for quarterly revenue and profit.


Boot Barn Holdings Inc. (NYSE: BOOT) in Irvine was up 8% to $6.81 and a $181 million market cap. The western wear retail chain is scheduled to report results August 1.


Biolase Inc. (NASDAQ: BIOL) in Irvine was up 11% to 90 cents and a $69 million market cap on above average volume. The dental laser maker is expected to report results early next month.


Smith Micro Software Inc. (NASDAQ: SMSI) in Aliso Viejo was down 11% to $1.10 and a $16 million market cap on high volume. The mobile software maker had by midday traded shares at a rate double its average.