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Monday, Apr 13, 2026

Midday Stock Roundup

U.S. stocks declined across the board on worries about technology stocks and global trade. The S&P 500 dropped 2% to 2,586.41, while the Dow Jones Industrial Average fell 2.1% to 23,594.07. The Nasdaq plunged 2.4% to 6,891.07.

The yield on a 10-year Treasury bond increased 0.3% to 2.75%.

The price of gold climbed 1.1% to $1,338.

SERVICES

Irvine-based Resources Connection Inc. (Nasdaq: RECN) fell 6.5% to $15.15 and a $475 million market cap. The consulting firm is still up 26% from its 52-week low in August.

REAL ESTATE

Newport Beach-based William Lyon Homes (NYSE: WLH) dropped 4.6% to $26.22 and a $1 billion market cap. Other Orange County-based real estate firms also fell, including The New Home Company Inc. (NYSE: NWHM), down 4.7%, and Tri Pointe Group Inc. (NYSE: TPH), off 4%.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.

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