By Associated Press
Stocks are mixed in midday trading as investors weigh mixed corporate earnings against a surprise jump in new home construction last month.
The insurance company Travelers and other financial firms helped pull the Dow Jones industrial average higher Wednesday. Travelers rose 5 percent after reporting revenue that beat analysts' expectations.
Markets were also closely watching developments in Europe, where Greek workers went on strike to protest strict austerity measures aimed at helping it dig itself out from under?a huge debt pile.
Early in trading, investors seemed to shrug off news that U.S. housing starts jumped 15 percent in September, rising at their fastest pace in 17 months. Despite the increase, housing starts are still well below the rate that would be considered showing a healthy housing market.
Apple Inc. slumped 4 percent after the company's income and revenue fell short of forecasts. It was a rare miss for the company, which had jumped 31 percent this year through Tuesday. Apple blamed the shortfall on a later-than-usual release of its newest iPhone.
The Dow was up 49 points, or 0.4 percent, 11,626 at 11:43 a.m. Eastern.
The S&P 500 was up 2, or 0.2 percent, to 1,227. The Nasdaq composite slid 10, or 0.4 percent, to 2,647.
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