US stocks turn mixed in midday trading; Disney, General Motors gain on better earnings

MarketsAssociated Press

U.S. stock indexes are moving between slight gains and losses in midday trading as a four-day rally in the price of oil cools off.

Disney jumped 8 percent Wednesday after the entertainment giant reported higher profits. That helped pull the Dow Jones industrial average up.

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The Dow was up 51 points, or 0.3 percent, to 17,719 as of 11:45 a.m. Eastern time.

The broader Standard & Poor's 500 index was flat at 2,049, and the Nasdaq composite was up four, or 0.1 percent, at 4,731.

The price of oil slumped 5 percent, ending a four-day rally. That helped pull energy stocks lower.

General Motors rose 5 percent after reporting solid profits despite a number of recalls.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.82 percent.