Share this article:
The S&P 500 was down 0.1% to 2,077.47 in midday trading.
The Dow Jones Industrial Average was down 0.1% to 17,961.33, and the Nasdaq was up 0.1% to 4,781.9.
The yield on a 10-year Treasury bond slipped 0.3% to 2.18%.
The price of gold fell 1% to $1,188.20.
Homebuilders generally are trading up, likely buoyed by a National Association of Realtors report on Wednesday that indicated an increase in pending home sales nationwide. Irvine-based Standard Pacific Corp. is up 2.5% to $7.30 and market capitalization of $2 billion. Tri Pointe Homes Inc. in Irvine is up 1.6% to $15.21 and market capof $2.4 billion. William Lyon Homes Inc. in Newport Beach is up 3.4% to $20.53 a share and a market cap of $641 million. The realtors’ index measuring pending home sales rose 4.1% from a year ago, the biggest year-over-year gain since August 2013.
Shares of Broadcom Corp. are up 1% Wednesday to $43.56 and a market cap of $25.billion after a dip Tuesday. Recent analyst comments on Broadcom stock include an upgrade to a “buy” rating by Evercore ISI and a reiteration of “buy” by analysts at B. Riley.