The S&P 500 was up 0.7% to 2,099.26.
The Dow Jones Industrial Average was up 0.7% to 17,959.16. The Nasdaq was up 0.7% to 4,976.30
The yield on a 10-year Treasury bond was up 3.6% to 2.12%.
The price of gold was down 1% to $1,171.
HOMEBUILDING
Irvine-based Standard Pacific Corp. was up 2.2% to $8.28 and a $2.3 billion market cap. The homebuilder missed analyst projections on revenue and income in its most recent quarter compared with the same period last year, but after shares initially declined by about 2% the stock recovered, with traders focusing more on increases of roughly 30% each in net new orders and backlog of homes, as a possible indication of future results.
RESTAURANTS
Irvine-based Habit Restaurants Inc. was up 4.2% to $34.50 and an $870 million market cap. The fast-casual burger chain said it earned $3 million in its most recent quarter, compared with $2.5 million for the same period last year, on revenue of about $55 million, compared with about $38 million in the same period last year. Same-store sales grew 12.6% for the quarter.
