The S&P 500 was up 0.2% in midday trading to 2,061.73.

The Dow Jones Industrial Average was down 0.1% to 17,717.52.

The NASDAQ was up 0.6% to 4,764.30.

The yield on a 10-year Treasury bond was down 1.2% to 1.76%.

The price of gold was down 2.1% to $1,266.

REAL ESTATE

Newport Beach-based William Lyon Homes was up 12% to $14.72 and a $485 million market cap. It reported results this morning before markets opened that beat expectations on revenue and profit.

RESTAURANTS

Orange County-based fast food chains are up on sector strength related to the $1.4 billion buyout of North Carolina-based Krispy Kreme Doughnuts Inc. by privately held JAB Holdings Co., a Luxembourg-based company whose holdings in Europe and the U.S. include Peet’s Coffee & Tea, coffee maker Keurig Green Mountain, and bagel chain Einstein Noah Restaurant Group Inc.

Irvine-based Habit Restaurants Inc. is up 5.1% to $18.47 and a $470 million market cap. Costa Mesa-based El Pollo Loco Holdings Corp. is up 5.2% to $11.73 and a $450 million market cap. Lake Forest-based Del Taco Restaurants Inc. is up 2.3% to $9.96 and a $385 million market cap.