US stocks hold near record after a batch of mixed economic reports; Deere drops on outlook

Markets Associated Press

U.S. stocks aren't moving much in midday trading as indexes remain near record levels.

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Investors were looking over some mixed news on the economy Wednesday.

Orders for long-lasting manufactured goods rose in October, but more people filed for unemployment benefits last week.

Deere fell 1 percent after the company said its farm equipment sales and profits will keep falling.

The Standard & Poor's 500 index rose two points, or 0.1 percent, to 2,069 as of 11:45 a.m. Eastern time Wednesday.

The Dow Jones industrial average fell 14 points, or 0.1 percent, to 17,799. The Nasdaq composite rose 17 points, or 0.4 percent, to 4,775.

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U.S. markets will be closed Thursday for Thanksgiving.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.24 percent.