The S&P 500 declined 0.4% to 2,058.68 in midday trading.
The Dow Jones Industrial Average declined 0.1% to 17,819.70, and the Nasdaq declined 1% to 4,746.99
The yield on a 10-year Treasury bond was up 0.64% to 2.21%.
The price of gold rose 3.36% to $1,215.
RETAIL
Orange County-based retailers were down on a news report citing National Retail Federation numbers that showed retail spending down 11% to $51 billion over the Thanksgiving holiday weekend compared to last year. Average per person spending also declined, by 6.4% to $381. The group surveyed 4,600 consumers on Friday and Saturday.
Huntington Beach-based Quiksilver Inc. was down 3.4% to $1.97 and a market cap of $344 million. Irvine-based Tilly’s Inc. was down 5.4% to $7.07 and a market cap of $208.8 million. Anaheim-based Pacific Sunwear of California Inc. was flat at $1.68 and market cap of $115.7 million, and Foothill Ranch-based the Wet Seal Inc. was down 6.9% to 30 cents and market cap of $26 million.
RESTAURANTS
Irvine-based the Habit Restaurants Inc. was up 10.6% to $35.84 and a market cap of about $900 million, reversing recent profit-taking. At the company’s initial public offering Nov. 20, Habit shares jumped to about $40, then declined in the sell-off to about $30. The fast-casual burger chain has settled into a range in the low- to mid-30s.
