Friday, April 29, 2016
Current Weather
Loading Current Weather....
Published: Tuesday, 6/26/2012

Wall Street wavers in midday trading


NEW YORK — Stocks were little changed in midday trading, following a big loss the day before. Rupert Murdoch’s News Corp. surged after the media conglomerate said it may split into two companies.

The Dow Jones industrial average dropped 14 points to 12,489 shortly before noon. The Standard & Poor’s 500 inched up one point to 1,313.

A measure of national home prices rose 1.3 percent between March and April, the first increase in seven months. Housing stocks rose in response.

The Standard & Poor’s/Case-Shiller home price index showed a rise in 19 out of the 20 cities it tracks.

News Corp. jumped 6 percent after the company confirmed it is contemplating a breakup to separate its publishing and entertainment businesses.

In other trading, the Nasdaq index rose five to 2,841.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories