Stock indexes barely budge in midday trading

6/4/2013
ASSOCIATED PRESS
Wall-Street-Premarket-80

In this Friday, May 31, 2013 photo, trader Warren Meyers works on the floor of the New York Stock Exchange. World stocks remained volatile Tuesday, June 4, 2013 after a disappointing U.S. manufacturing report lifted the mood of investors who believe negative economic news makes it more likely that the Federal Reserve will maintain its aggressive monetary stimulus program. (AP Photo/Richard Drew)

ASSOCIATED PRESS

NEW YORK — The stock market is drifting between slight gains and losses in midday trading.

Encouraging news about the housing market and trade helped nudge stocks up in early trading, but by midday indexes were little changed.

Traders are looking ahead to Friday, when the Labor Department releases its closely watched monthly jobs survey.

The Dow Jones industrial average was down a fraction at 15,253 as of noon today.

The Standard & Poor’s 500 rose a fraction to 1,641.

The Nasdaq rose seven points to 3,472, an increase of 0.2 percent.

General Motors gained 2 percent on news that the company will be added to the S&P 500 index on Thursday, replacing H.J. Heinz Co, which is being acquired by Berkshire Hathaway and the private equity firm 3G Capital.