The S&P 500 was down 0.2% to 2,100.40.
The Dow Jones Industrial Average was down 0.2% to 18,078.77. The Nasdaq was down 0.2% to 4,981.96.
The yield on a 10-year Treasury bond was down 1.3% to 2.25%.
The price of gold was up 0.9% to $1,193.
HEALTHCARE
Irvine-based Edwards Lifesciences Corp. was up 3.5% to $131.51 and a $14 billion market cap. An analyst at JP Morgan upgraded the heart valve maker from “neutral” to “overweight” and raised its price target to $155 from $147, citing a recent decline in share price as a buying opportunity, the strength of the transcatheter replacement market, and Edwards’ $840 million in net cash at the end of 2014 and $2.8 billion in free cash flow expected over the next five years.
MANUFACTURING
Foothill Ranch-based Kaiser Aluminum Corp. was up 1.2% to 83.02 and a $1.4 billion market cap. Morgan Stanley initiated coverage on the metals maker with an “overweight” rating and a $95 price target.
TECHNOLOGY
Newport Beach-based Clean Energy Fuels Corp. was down 2% to $8.64 and a $783 million market cap. The maker and operator of natural gas fueling stations reported quarterly results that missed analysts’ expectations.
MARKETING
Irvine-based Adaptive Medias Inc. was up 14% to $1.91 and a $27 million market cap. The Internet advertising firm reported a slightly lower adjusted loss in its first quarter: $2.6 million compared with $2.8 million in the same period last year, excluding one-time charges, on revenue of about $1.2 million, up 60% from the same period last year. The company on May 5 signed an agreement to receive up to $4.5 million from a private investor.
