The S&P 500 was flat in midday trading at 2,087.52.
The Dow Jones Industrial Average was down 0.2% to 17,948.55.
The NASDAQ was down 0.3% to 4,882.15.
The yield on a 10-year Treasury bond was up 1.6% to 1.93%.
The price of gold was up 0.3% to $1,243.
TECHNOLOGY
Irvine-based Western Digital Corp. was up 2.3% to $44.35 and a $10.3 billion market cap. BTIG Research initiated coverage on shares of the memory products maker with a “buy” rating and a price target of $55.
FINANCE
Irvine-based First Foundation Inc. was up 3% to $22.43 and a $359 million market cap. The bank holding company and financial services firm reported quarterly net income of $3.8 million, up 44% year-over-year from $2.3 million.
REAL ESTATE
Newport Beach-based CV Holdings Inc. was down 19% to 13 cents and a $5 million market cap. The REIT, which buys non-performing loans and bank-owned property, lost $2.1 million in 2015, compared with $960,000 in 2014.
