NEW YORK (AP) — Better news on home building and corporate earnings are sending stocks higher. At 10:30 a.m. Eastern Time, the Dow Jones industrial average was up 52 points, at 16,892. The S&P 500 was up six points, at 1,977. And the Nasdaq climbed 10 points, to 4,518.

WASHINGTON (AP) — U.S. consumer prices rose in July, at the slowest pace in five months. The Labor Department says consumer prices edged up a seasonally adjusted 0.1 percent last month, after larger gains of 0.3 percent in June and 0.4 percent in May. The July price restraint came from falling gasoline prices, which had surged in June. All energy prices were down 0.3 percent and this helped offset a 0.4 percent rise in food costs, which have been pushed up by adverse weather including a drought in California.

WASHINGTON (AP) — U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines. The Commerce Department says construction increased 15.7 percent in July to a seasonally adjusted annual rate of 1.09 million homes. That was the fastest pace since November and followed declines of 4 percent in June and 7.4 percent in May.

UNDATED (AP) — Home Depot’s fiscal second-quarter net income increased 14 percent thanks to a rebound in its spring selling season. For the three months ended Aug. 3, Home Depot Inc. earned $2.05 billion, or $1.52 per share. A year earlier it earned $1.8 billion, or $1.24 per share. Dick’s Sporting Goods says its net income fell 17 percent in its fiscal second quarter, but its result still beat analysts’ expectations and its shares rose in premarket trading. The company says profit fell in the second quarter to $69.5 million from $84.2 million in the same quarter a year ago.

NEW YORK (AP) — A former New York fashion student is claiming in a federal lawsuit that a backpack she designed for Barnes & Noble has been a top-seller, yet she hasn’t been paid. The Daily News reports that Diana Rubio was a student at Manhattan’s Fashion Institute of Technology when the school assigned her to enter Barnes & Noble’s “Back to Campus” contest. Her “everything backpack” design won in 2010. It sells for $39.95 and Barnes & Noble identifies Rubio as the designer.

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