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Tuesday, May 21, 2024
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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,825.10.

The Dow Jones Industrial Average rose 0.1% to 26,179.84.

The Nasdaq declined 0.1% to 7,408.43.

The yield on a 10-year Treasury bond leapt 1.7% to 2.76%.

The price of gold was 0.4% higher to $1,344.

TECHNOLOGY

Skyworks Solutions Inc. (Nasdaq: SWKS) in Irvine was up 6% to $103.28 and a $19 billion market cap. The chipmaker is expected to report quarterly results Monday; it makes chips for Apple, set to report results today. Oppenheimer reiterated a “perform” rating on the iPhone maker, despite lower shipments of the iPhone X.

RETAIL

Boot Barn Holdings Inc. (NYSE: BOOT) in Irvine was up 7% to $18.75 and a $502 million market cap. The western wear retailer missed expectations but reported a 13% increase in sales to $225 million; same-store sales were up 5%.

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