The S&P 500 was down 0.1% to 2,363.94.
The Dow Jones Industrial Average was up 0.2% to 20,774.91.
The NASDAQ was down 0.1% to 5,863.01.
The yield on a 10-year Treasury bond rose 1% to 2.45%.
The price of gold fell 0.5% to $1,233.
REAL ESTATE
Three OC home builders reported financial results before markets opened today.
Tri Pointe Group Inc. in Irvine was up about 2% to $12.38 and a $2 billion market cap. The builder reported lower net income that nonetheless met analyst expectations. William Lyon Homes in Newport Beach was down about 1% to $18.04 and a $571 million market cap. Quarterly net income declined 9% and annual net income rose 4%. New Home Co. Inc. in Aliso Viejo was up 1.3% to $10.77 and a $223 million market cap. The builder reported increases in both quarterly revenue and income.
OC’s other large publicly-traded home builder, Irvine-based CalAtlantic Group, reported results two weeks ago, topping Wall Street forecasts. Its shares traded recently at a $4 billion market cap.
HEALTHCARE
Glaukos Corp. in Laguna Hills was up 1.3% to $46.21 and a $1.6 billion market cap. BMO Capital initiated coverage on shares in the glaucoma treatment device maker with an “outperform” rating and a $54 price target.
