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Wednesday, Aug 10, 2022
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Midday Stock Roundup

The S&P 500 was up 0.9% to 1,948.77.

The Dow Jones Industrial Average was up 1.4% to 16,429.35.

The Nasdaq was up 0.2% to 4,743.20.

The yield on a 10-year Treasury bond was up 2.1% to 2.16%.

The price of gold was down 0.8% to $1,145.

REAL ESTATE

Orange County homebuilders were up as U.S. Federal Reserve Chairwoman Janet Yellen reassured markets that the national economy was strong enough to sustain an increase by year-end in short-term interest rates.

Irvine-based Standard Pacific Corp. was up 2.5% to $8.62 and a $2.4 billion value on its common stock. Irvine-based Tri Pointe Group Inc. was up 2.3% to $14.14 and a $2.2 billion market cap. Newport Beach-based William Lyon Homes was up 1.7% to $22.88 and a $720 million market cap.

HEALTHCARE

Irvine-based aortic device maker Endologix Inc. was down 5.1% to $12.65 and an $817 million market cap on high volume.

TECHNOLOGY

Irvine-based printed circuit board maker Multi-Fineline Electronix Inc. was up 5.1% to $17.32 and a $404 million market cap on higher-than-average volume.

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