The S&P 500 ticked down 0.1% during midday trading to 3,141.82.
The Dow Jones Industrial Average was down 0.3% to 27,937.37.
The Nasdaq dipped 0.2% to 8,638.11.
The yield on a 10-year Treasury bond was down 0.7% to 1.83%.
The price of gold was flat at $1,465.
The price of oil decreased 0.1% to $59.15 a barrel.
HEALTHCARE
Irvine-based Edwards Lifesciences Corp. (NYSE: EW) dipped 2.3% to $233.52 and a $48.7 billion market cap. The heart valve maker recently gave an optimistic growth outlook, expecting 2019 revenue to be in the upper end of the $4 billion-$4.3 billion band stated previously; and 2020 predicted sales in the bracket of $4.5-$5 billion, representing growth of 10% to 12%. Barclays analyst Kristen Stewart maintained a sell rating on the company with a price target of $185.00. The company’s stock is still up 56% since the start of the year.
TECHNOLOGY
Chipmaker Skyworks Solutions Inc. of Irvine (Nasdaq: SWKS) climbed 2.1% to $103.50 and a $17.6 billion market cap following a two-notch rating upgrade from BofA Merrill Lynch, from underperform to buy. The bank raised its price target to $122 from $92, citing the massive potential of 5G technology as a reason for the bullish outlook. The company is a major supplier to Apple Inc.
