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The S&P 500 was up 1% in midday trading to 2,688.61.
The Dow Jones Industrial Average rose 0.6% to 24,776.79.
The Nasdaq climbed 1.4% to 7,108.41.
The yield on a 10-year Treasury bond leapt 2.3% to 2.90%.
The price of gold was 1.7% higher to $1,353.
HCP Inc. (NYSE: HCP) in Irvine was down 2.2% to $22 and a $10.4 billion market cap. The healthcare REIT’s revenue missed analyst expectations and funds from operations narrowly—1.2%—beat them.
Sabra Health Care REIT Inc. (Nasdaq: SBRA) in Irvine was down 2.2% to $16 and a $2.9 billion market cap. The healthcare REIT trades ex-dividend today; its current yield is about 10.7%.