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Published: Tuesday, 6/26/2012

Wall Street wavers in midday trading

ASSOCIATED PRESS

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.



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