The S&P 500 was up 0.7% in midday trading to 2,058.52.

The Dow Jones Industrial Average was up 0.3% to 17,661.54.

The NASDAQ was up 1.1% to 4,899.40.

The yield on a 10-year Treasury bond was up 2.1% to 1.76%.

The price of gold was down 0.5% to $1,224.

REAL ESTATE

Orange County homebuilders were up ahead of the release today of minutes from the U.S. Federal Reserve Board of Governors meeting in March, which are expected to shed light on the Fed’s thoughts on how quickly to raise interest rates.

Irvine-based CalAtlantic Group Inc. was up 2.7% to $33.81 and a $4.1 billion market cap. Irvine-based Tri Pointe Group Inc. was up 1.9% to $11.74 and a $1.9 billion market cap. Newport Beach-based William Lyon Homes was up 5.3% to $15.04 and a $487 million market cap. Aliso Viejo-based New Home Co. Inc. was up 2.8% to $11.98 and a $246 million market cap.