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The S&P 500 rose 0.2% to 4,481.81 during midday trading.
The Dow Jones Industrial Average was flat at 34,531.56.The Nasdaq climbed 0.6% to 14,989.72.
The yield on a 10-year Treasury bond jumped 5.2% to 1.5990%.
The price of gold decreased 0.2% to $1,765.50.
The price for a barrel of oil sank 0.3% to $82.04.
Revolve Group Inc. (NYSE: RVLV) jumped 5.4% to $71.63 per share for a $5.2 billion market cap. The luxury fashion brand, which is located just over the county line, reported Tuesday domestic net sales were up 59% and international net sales increased 63% in Q2. Its shares have increased nearly 43% in the last six months.
Irvine-based fitness franchisor Xponential Fitness Inc. (NYSE: XPOF) jumped 7% to $17.00 per share and an $806 million market cap. Shares are up 27% since it announced Thursday the acquisition of Body Fit Training (BFT) for $44 million.