NEW YORK (AP) - Stock are mostly higher, with the Dow up by more than 50 points in late morning. Stock prices had been searching for direction in the early going, as investors looed at a heavy helping of earnings reports and fresh economic data.
Surging energy prices helped fuel a six-tenths-of-one-percent rise in the March Consumer Price Index. At the same time, the core rate was up just one-tenth. It excludes volatile food and energy costs.
Construction of new homes posted a second consecutive monthly increase in March, rising eight-tenths of one percent. While the figure is seen boosted by warm weather, building permits were also on the rise.