Stocks trade mixed after consumer report

MATTHEW CRAFT AP Business Writer Published:

NEW YORK (AP) -- Stocks are flipping between small gains and losses in midday trading.

The Dow Jones industrial average is down five points at 13,236 shortly before noon Tuesday. Bank of America fell 1.8 percent, the biggest drop in the Dow.

Lennar Corp. pulled housing stocks higher after reporting earnings that beat analysts' expectations. Lennar delivered more houses and pulled in more orders, and its stock rose 3.8 percent. PulteGroup rose 5.7 percent, D.R. Horton 4.8 percent.

Stocks opened higher, then slipped after 10 a.m., when the Conference Board said its index of consumer confidence fell in March.

The S&P 500 index is down less than a point at 1,416. The Nasdaq composite index is up 4 points to 3,127.

All three indexes are up more than 1 percent for the week.