Wall Street pared an earlier advance to end mixed Tuesday as investors’ persistent concerns about interest rates and the economy countered relief over an upbeat homebuilding report.

At the close of trading, the Dow Jones industrial average gained 32.73, or 0.3 percent, to 10,974.84, after rising almost 88 points earlier. Broader stock indicators finished little changed. The Standard & Poor’s 500 index fell 0.02 to 1,240.12, and the Nasdaq composite index lost 3.36, or 0.16 percent, to 2,107.06.

–


Read the full Associated Press story

.

Among local stocks, restaurant chain California Pizza Kitchen finished the day up 16 cents to $27.05 after announcing a $30 million share purchase authorization.

CytRx Corp. was up 1 cent to $1.33. The Los Angeles biotech company announced it is scheduled to join the Russell Microcap index when the index is reconstituted on June 16.

Los Angeles home builder KB Home was down 73 cents to $44.08 despite the government housing report for May.