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Sunday, Apr 14, 2024
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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,550.21.

The Dow Jones Industrial Average rose 0.4% to 22,757.90.

The NASDAQ increased 0.6% to 6,574.21.

The yield on a 10-year Treasury bond jumped 1% to 2.35%

The price of gold fell 0.1% to $1,276.

SERVICES

Irvine-based Resources Connection Inc. (NASDAQ: RECN) increased 6.3% to $15.15 and a $453 million market cap. The consulting firm reported fiscal first quarter sales yesterday of $141.2 million, surpassing the average estimate of three analysts surveyed by Zacks.

FINANCE

Irvine-based Pacific Premier Bancorp (NASDAQ: PPBI) rose 4.1% to $39.12 and a $1.6 billion market cap. The bank is scheduled to be added to the S&P SmallCap 600 Index.

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Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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