US stocks waver in midday trading after mixed earnings news; bond prices rise

MarketsAssociated Press

U.S. stocks were moving between small gains and losses in midday trading as investors reacted to mixed corporate earnings.

JPMorgan Chase rose Tuesday after reporting first-quarter results that beat expectations.

Continue Reading Below

The Dow Jones industrial average was up 32 points, or 0.2 percent, to 18,010 as of 11:45 a.m. Eastern time.

The Standard & Poor's 500 was little changed at 2,092. The Nasdaq composite fell 21 points, or 0.4 percent, to 4,966.

Companies in the S&P 500 are expected to report a 3 percent slump in earnings in the first quarter, the first quarterly drop since the U.S. was climbing out of recession in 2009. Much of the blame goes to a steep drop in oil prices.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.86 percent.