All major U.S. indexes rose at least 1% in midday trading as fears of another government shutdown eased on word that Democrats and Republicans reached a tentative deal Monday night.
The S&P 500 was up 1.2% in midday trading to 2,741.87; the Dow Jones Industrial Average 1.3% to 25,377.14; the Nasdaq 1.3% to 7,401.56.
The yield on a 10-year Treasury bond rose 1% to 2.70%.
The price of gold inched up 0.1% to $1,313.
The price of a barrel of oil increased 2% to $53.50.
REAL ESTATE
Select Interior Concepts Inc. (Nasdaq: SIC) surged 22% to $9.75 and a $250 million market cap. Volume of 639,000 was about 10 times the daily average of the past three months. Shares are up 38% since Feb. 7 when it named J. David Smith as chairman, replacing Christopher Zugaro, who resigned to focus on other business interests. Smith has extensive experience in building products companies, including as chairman at Siamons International Inc. The building products company said it is relocating its headquarters this month from Anaheim to Atlanta.
HEALTHCARE
Evolus Inc. (Nasdaq: EOLS) in Irvine fell 6.5% to $26.52 and a $723 million market cap. Shares are still up 63% since Feb. 1 when it announced regulatory approval to sell a cheaper version of Allergan PLC’s best-known product, Botox.
