Indices spike upward in midday trading on the last trading day of the first quarter amid a technology stock rebound.
The S&P 500 rose 1.4% to 2,640.69; the Dow Jones Industrial Average by 1.3% to 24,165.63; and the Nasdaq by 1.7% to 7,069.96.
The yield on a 10-year Treasury bond dropped 1.2% to 2,74%.
The price of gold was down 0.2% to $1,322.
FINANCE
Banc of California (NYSE: BANC) in Santa Ana was up 4% to $19.55 and a $989 million market cap on moderate volume.
HEALTHCARE
ChromaDex Corp. (Nadadaq: CDXC) in Irvine was up 8% to $4.37 and a $240 million market cap. Shares in the ingredients maker closed 8% lower yesterday on a Harvard Medical School study that showed positive results by a competitor to ChromaDex’s flagship product; the company said today that a University of Colorado-Boulder study of that product, Niagen, showed positive results.
Avid Bioservices Inc. (Nasdaq: CDMO) was up 18% to $2.92 and a $162 million market cap on triple its average volume. It is a contract drug manufacturer in the midst of a turnaround effort after reversing its attempt to develop cancer drugs and shedding those assets.
