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The S&P 500 was up 0.3% in midday trading to 2,829.28.

The Dow Jones Industrial Average ticked down 0.1% to 25,214.55.

The Nasdaq rose 0.6% to 7,886.65.

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The yield on a 10-year Treasury bond declined 0.4% to 2.94%.

The price of gold was 0.5% higher to $1,232.


Shares of land developers and home builders were down on a decline in U.S. home sales in June. Transactions fell 5.3% compared with May to the slowest pace in eight months. Sales of existing homes fell 2.2% in June, on a year-over-year comparison.

Tri Pointe Group Inc. (NYSE: TPH) declined 3.1% to $15.44 and a $2.3 billion market cap; William Lyon Homes (NYSE: WLH) in Newport Beach fell 6% to $21.69 and an $819 million market cap. New Home Co. Inc. (NYSE: NWHM) in Aliso Viejo dropped 3.2% to $9.53 and a $200 million market cap.


Edwards Lifesciences Corp. (NYSE: EW) in Irvine was up 1.8% to a $32.7 billion market cap. The U.S. House of Representatives voted to repeal a medical device tax; Senate action is pending. Edwards makes heart valves. It will report quarterly results tomorrow.