Three U.S. indices hit all-time highs on expectations the Federal Reserve would raise interest rates. The sentiment came after the Labor Department released a poorer jobs report than had been expected.
The S&P 500 was up 0.3% in midday trading to 2,437.36. The Dow Jones Industrial Average was up 0.3% to 21,210.53. The NASDAQ was up 0.8% 6,296.64.
The yield on a 10-year Treasury bond was down 0.4% to 2.17%.
The price of gold rose 0.8% to $1,281.
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Boot Barn Holdings Inc. in Irvine was down 15% to $6.30 and a $167 million market cap. The western wear retailer missed expectations on its quarterly report, issued yesterday after markets closed.
Tilly’s Inc. in Irvine was down 3% to $10.47 and a $309 million market cap. Shares in the youth apparel seller were hit by a sector decline on negative earnings reports from several companies; most chains declined 2% to 3%, with those that reported results down by double-digits.
