The S&P 500 was down 0.6% in midday trading to 3,028.6.
The Dow Jones Industrial Average descended 0.8% to 26,964.
Nasdaq also went negative by 0.4% to 8,272.
Crude oil fell 1.6% to $54.20 a barrel.
Gold rose 1.1% to $1,513.5.
The yield on a 10-Year Bond fell 5.562% to 1.7%.
EARNINGS SEASON
A number of Orange County companies’ shares are moving today based on their most recent earnings reports:
Willdan Group Inc. (Nasdaq:WLDN) in Anaheim saw a massive 25% drop in stock, bringing shares to $29.32 with a $329 million market cap. The engineering and energy consulting firm reported third quarter profit of 65 cents a share, missing the average Zacks estimate of 85 cents.
Santa Ana-based TTM Technologies Inc. (Nasdaq: TTM*) fell 11% to $11.72 a share with a $1.2 billion market cap. Yesterday the company, which makes printed circuit boards, reported third quarter profit of 37 cents a share, missing the Zacks consensus estimate of 38 cents.
New Home Co. Inc. (NYSE: NWHM) dropped 9.4% to $4.30 a share with an $87 million market cap. The Aliso Viejo-based developer and home builder reported third quarter home revenue “was essentially flat” with the same period a year earlier.
Staar Surgical Co. (Nasdaq: STAA) jumped 16% to $32.39 and a $1.4 billion market cap. Yesterday, the Lake Forest maker of eye lenses reported third quarter revenue and profit that topped analysts’ estimates, according to Zacks.
Ducommun Inc. (NYSE: DCO) jumped 16% to $49.01 and a $565 million market cap. The Santa Ana maker of products for aircraft reported third-quarter revenue climbed 13% to $181.1 million. “We remain confident on a strong finish for 2019 and continued momentum in 2020,” Chief Executive Stephen Oswald said in a statement.
Habit Restaurants Inc. (Nasdaq: HABT) jumped 15% to $10.44 and a $273 million market cap. The Irvine-based fast casual chain yesterday reported a 12% increase in third quarter revenue to $117 million as comparable store sales rose 3.1%.
