The S&P 500 and Nasdaq were down in Monday midday trading amid concern over rapidly rising bond yields.
The S&P 500 was down 0.3% to 3,893.90 while the Nasdaq dropped 1.5% to 13,667.83.
The Dow Jones Industrial Average rose 0.3% to 31,593.40.
Crude oil jumped 3% to $61.03.
Gold rose 1.8% to $1,809.70.
The yield on a 10-year Treasury rose 0.9% to 1.357%.
HEALTHCARE
After surging nearly 80% last week, shares for Evolus Inc. (Nasdaq: EOLS) in Newport Beach were down 11% in midday trading to $10.94 and a $364 market cap. The company announced Friday that it reached a settlement with Irvine-based Allergan Aesthetics, a unit of AbbVie Inc. (NYSE: ABBV) to allow Evolus to continue business in the U.S. with its Jeuveau, a competitor to Allergan’s Botox.
TECHNOLOGY
Orange County technology stocks were trending down in midday trading led by Irvine-based Alteryx Inc. (NYSE: AYX) which fell 6.1% to $105.40 and a $7.1 billion market cap. Shares for the company, which makes and sells data analytics software, are down about 5% since the start of the year.
Costa Mesa-based Veritone Inc. (Nasdaq: VERI) decreased 5.3% to $38.11 and a $1.2 billion market cap. The stock price for the artificial intelligence media company is still up significantly from last February when shares were trading at about $2.70 a piece.
Irvine’s Skyworks Solutions Inc. (Nasdaq: SWKS) dipped 2.5% to $187.41 a share for a market cap of $30.8 billion.
