FILE - In this Friday, May 2, 2014 file photo, trader David O'Day works on the floor of the New York Stock Exchange. U.S. stock futures are trading lower as investors await comments from Federal Reserve Chair Janet Yellen, scheduled to address Congress on the economy. A new report Tuesday, May 6, 2014, shows that housing prices rose in March, but at a slower pace than a month earlier. (AP Photo/Richard Drew, File)
NEW YORK — Stocks are falling in midday trading following mixed earnings news from U.S. companies.
Home builder stocks fell after data provider CoreLogic reported that housing prices rose in March at a slower pace than a month earlier, the latest sign of weakness in the housing market.
Twitter plunged 12 percent after Twitter insiders were allowed to sell stock for first time since the company’s initial public offering in November.
The Standard & Poor’s 500 index slipped seven points, or 0.4 percent, to 1,877 at noon today. Bank stocks fell the most.
The Dow Jones industrial average lost 62 points, or 0.4 percent, to 16,467. The Nasdaq composite fell 12 points, or 0.3 percent, to 4,125.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.60 percent