Stocks trade mixed after consumer report

Associated Press
In a Tuesday March 13, 2012 photo Trader Christopher Morie, right, works on the floor of the New York Stock Exchange. Wall Street was poised for a higher opening Tuesday March 27, 2012, with Dow Jones industrial futures and S&P 500 both up. (AP Photo/Richard Drew)
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In a Tuesday March 13, 2012 photo Trader Christopher Morie, right, works on the floor of the New York …

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.

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