Indices were higher in midday trading on the strength of technology and energy stocks; Apple said it sold-out initial supply of its new iPhone and oil prices were higher.
The S&P 500 was up 1% to 2,147.44. The Dow Jones Industrial Average was up 1% to 18,210.33. The NASDAQ was up 1.4% to 5,246.90.
The yield on a 10-year Treasury bond was up 0.8% to 1.70%.
The price of gold was down 0.4% to $1,321.
TECHNOLOGY
Newport Beach-based Acacia Research Corp. was up 7.3% to $6.50 and a $328 million market cap. The patent licensing firm said a jury awarded damages of $22.1 million to its Cellular Communications Equipment LLC subsidiary in a patent infringement case against Apple Inc.
HEALTHCARE
Laguna Hills-based Glaukos Corp. was up 6% to $37.24 and a $1.2 billion market cap on high volume. The firm, which makes devices to treat glaucoma, had by midday traded shares at a rate twice its 90-day average.
