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Thursday, Apr 18, 2024
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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,706.48.

The Dow Jones Industrial Average rose 0.4% to 25,090.57.

The Nasdaq dropped 0.1% to 7,273.12.

The yield on a 10-year Treasury bond rose 2.2% to 2.69%.

The price of gold fell 0.3% to $1,322.

The price of oil was up 3.2% to $55.50 a barrel.

MEDICAL DEVICES

Edwards Lifesciences Corp. (NYSE: EW) in Irvine fell 1.3% to $168.27 and a $35.2 billion market cap. The company, a maker of heart valves and Orange County’s most valuable publicly traded company, yesterday forecast first quarter profit below analysts’ consensus estimate.

RETAIL

Tilly’s Inc. (NYSE: TLYS) in Irvine rose 6% to $12.84 and a $380 million market cap. The youth fashion retailer earlier today announced it would issue a special cash dividend of $1 per share. Separately, Mike Henry last night was honored in the public companies category at the Business Journal’s 12th annual CFO of the Year Awards.

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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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