The S&P 500 was up 0.3% in midday trading at 2,892.17.

The Dow Jones Industrial Average increased 0.4% to 26,058.19.

The Nasdaq rose 0.3% to 7,987.70.

The yield on a 10-year Treasury bond increased 0.4% to 2.5%.

The price of gold fell 0.4% at $1,281.

The price of a barrel of oil was up 0.8% to $61.86.

REAL ESTATE

Foundation Building Materials Inc. in Tustin (NYSE: FBM) increased 5.4% to $15.20 and a $654 million market cap. Shares of the construction materials distributor are now up 7.6% since May 6 when it reported first quarter sales rose 11% to $515 million and net operating income hit $4.8 million, compared to a loss of $2.3 million year-over-year.

Five Point Holdings LLC (NYSE: FPH) in Aliso Viejo was up 4.2% to $9.17 and a $1.4 billion market cap. The builder yesterday reported break-even first quarter earnings, beating Zacks consensus estimate of a loss of 3 cents per share. It posted a 10 cent loss a year ago.