The S&P 500 was up 0.3% in midday trading to 2,049.11.

The Dow Jones Industrial Average was up 0.2% to 17,557.86.

The Nasdaq was up 0.1% 5,002.39.

The yield on a 10-year Treasury bond was up 1.6% to 2.31%..

The price of gold was up 1.4% to $1,077.

REAL ESTATE

Shares in Orange County homebuilders moved higher ahead as the U.S. Federal Reserve Board raised interest rates.

Irvine-based CalAtlantic Group Inc. was up 1.3% to $37.97 and a $4.5 billion market cap. Irvine-based Tri Pointe Group Inc. was up 2% to $13.03 and a $2.1 billion market cap. Newport Beach-based William Lyon Homes was up 5% to $15.61 and a $472 million market cap. Aliso Viejo-based New Home Co. Inc. was up 5.6% to $12.85 and a $256 million market cap.