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The S&P 500 was up 0.1% in midday trading to 2,934.47.

The Dow Jones Industrial Average rose 0.3% to 26,733.33.

The Nasdaq declined 0.2% to 8,014.98.

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The yield on a 10-year Treasury bond declined 0.1% to 3.08%.

The price of gold was down 0.8% to $1,201.


Tri Pointe Group Inc. (NYSE: TPH) fell 2.4% to $13.12 and a $1.9 billion market cap, in a second day of declines after Wedbush downgraded the builder-developer from outperform to neutral and cut Tri Pointe’s price target from $18 to $13, citing slowing demand in California and Seattle. Tri Pointe is down 9% over two sessions.

Wedbush also cut Newport Beach-based William Lyon Homes from outperform to neutral and set a $22 price target, down from $35, Lyon (NYSE: WLH) fell 8% yesterday, but is up about 1% today, to $17.33.


Del Taco Restaurants Inc. (Nasdaq: TACO) dropped 4.4% to $11.52 and a $439.7 million market cap. It has a 52-week low of $10.00 and a 52-week high of $15.99.