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Saturday, May 30, 2026
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Midday Stock Roundup

The S&P 500 increased 0.1% in midday trading to 2,576.45.

The Dow Jones Industrial Average dropped 0.1% To 23,372.21.

The Nasdaq rose 0.4% to 6,726.29.

The yield on a 10-year Treasury bond was flat at 2.37%

The price of gold fell 0.6% to $1,270.

REAL ESTATE

William Lyon Homes (NYSE: WLH) rose 7.1% to $26.80 and an $856 million market cap. The Newport Beach homebuilder reported today that third-quarter revenue rose 43% to $490 million and that net income more than doubled to 71 cents a share, both of which topped analyst estimates.

PHARMACEUTICALS

Peregrine Pharmaceuticals Inc. (Nasdaq: PPHM) in Tustin fell 5.4% to $4.56 and a $206 million market cap. Ronin Trading LLC and SW Investment Management LLC, the largest shareholders with 9.6% of Peregrine, issued an investor presentation yesterday as part of their proxy battle that reiterated their view that “a complete overhaul of the boardroom is warranted.” Peregrine is developing drugs to combat cancer.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.

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