The S&P 500 rose 0.3% in midday trading to 2,753.69.

The Dow Jones Industrial Average was 0.4% higher to 25,514.39.

The Nasdaq climbed 0.3% to 7,434.98.

The yield on a 10-year Treasury bond was up 0.7% to 2.70%.

The price of gold ticked up 0.1% to $1,315.

The price of oil jumped 1.7% to $54 a barrel.

REAL ESTATE

Sunstone Hotel Investors Inc. (NYSE: SHO) was 4.3% higher to $14.60 and a $3.4 billion market cap. The Aliso Viejo-based REIT reported fourth quarter funds from operations that exceeded expectations.

RESTAURANTS

Habit Restaurants Inc. (Nasdaq: HABT) in Irvine rose 6.3% to $11.15 and a $291 million market cap. Shares in the fast casual burger chain are up 20% from a year ago.