The S&P 500 was down 0.2% in midday trading to 2,146.43.
The Dow Jones Industrial Average was down 0.2% to 18,189.20.
The NASDAQ was up 0.4% to 5,290.97.
The yield on a 10-year Treasury bond fell 0.1% to 1.76%.
The price of gold rose 0.8% to $1,274.
SERVICES
Irvine-based CoreLogic Inc. was up 4.2% to $40.95 and a $3.6 billion market cap. The property information services and title insurance company reported net income of $36 million on revenue of $524 million in its most recent quarter, up from net income of $28 million on revenue of $386 million in the same period last year. The results beat Wall Street expectations.
FINANCE
Costa Mesa-based Pacific Mercantile Bancorp was down 23% to $5.85 and a $135 million market cap. The bank holding company reported a net loss of $30.5 million in its most recent quarter, compared with net income of $321,000 in the same period last year. This quarter’s results included a provision for loan losses of $10.7 million and one for income tax expense of $20.4 million.
Irvine-based Opus Bank was down 4% to $20.40 and a $699 million market cap. Analysts at Keefe Bruyette & Woods downgraded shares in the bank holding company to “market perform” with a price target of $25. Opus this week reported a loss of $3 million in its most recent quarter.
HEALTHCARE
Costa Mesa-based Nemus Bioscience Inc. was up 53% to $1.50 and a $30 million market cap on very high volume. Shares in the company, which is developing cannabis-based therapies, have risen 120% this week.
