Major stock indexes were mixed in Monday midday trading amid optimism for a new COVID-19 relief package.
The S&P 500 was up 0.8% to 3,875.50 while the Dow Jones Industrial Average rose 2% to 32,133.91.
The Nasdaq was down 0.5% to 12,851.44.
The yield on a 10-year Treasury bond surged 2.6% to 1.592%.
Santa Ana-based Iteris Inc. (Nasdaq: ITI) jumped 16% to $6.71 and a $279 million market cap. The company, which provides high-tech systems and sensors to improve traffic flow and safety, said Monday it has launched a review of strategic alternatives to maximize shareholder value, retaining Moelis & Company as financial advisor to “review the company’s strategy and propose potential, additional opportunities to enhance our value and market position,” according to Board Chairman Tom Thomas.
Newport Beach-based Chipotle Mexican Grill Inc. (NYSE: CMG) increased 1% to $1,345.63 and a $37.9 billion market cap. The company announced a new collaboration Monday with Gen Z consumers in mind, pairing with makeup brand e.l.f. Beauty to create a new Chipotle-themed makeup set, and launching a “beauty-inspired all-vegan entrée” bowl on the Chipotle app and website starting March 10. Shares for the fast-casual restaurant chain reached as high as $1,361.89 earlier Monday.