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

MarketsAssociated Press

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

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

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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.

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.