Share this article:
The Dow Jones Industrial Average declined 0.6% to 33,858.32.
The Nasdaq dropped 0.4% to 13,253.49.
The yield on a 10-year Treasury bond rose 0.4% to 1.649%.
The price for a barrel of oil was down 2.9% to $63.61.
Foothill Ranch’s loanDepot Inc. (NYSE: LDI) jumped 7.5% to $14.48 and a $4.4 billion market cap. Shares of the mortgage originator have dropped in half since February on concerns that rising interest rates may slow the industry’s growth.
MEDICAL DEVICE MAKER
Lake Forest-based Staar Surgical Co. (Nasdaq: STAA) climbed 3% to $117 and a $5.5 billion market cap. Volume was about a fifth of its daily average. Shares of the maker of implantable eye lenses have about quadrupled in the past year.