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Indexes fell broadly after disappointing results reported Monday by major corporations Caterpillar and Nvidia. The S&P 500 was down 1.2% in midday trading to 2,632.53 while the Dow Jones Industrial Average fell 1.5% to 24,366.41 and the Nasdaq dropped 1.6% to 7,050.57.
The yield on a 10-year Treasury dipped 0.7% to 2.7%.
The price of gold was up 0.3% to $1,302.
The price of oil decreased 4% to $51.58 a barrel.
Irvine-based Opus Bank (Nasdaq: OPB) was up 5.4% to $22.02 and a $794 million market cap. While the bank reported earnings that missed the estimates of some analysts, interim Chief Executive Paul Greig cited “positive core earnings trends,” including an expanding net interest margin, a key metric in the banking industry.
Glaukos Corp. (NYSE: GKOS) in San Clemente fell 1.8% to $61.26 and a $2.2 billion market cap. Shares of the medical device maker’s shares have climbed 21% since Jan. 3.