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Stocks Remain Mostly Positive After Early Upward Move - U.S. Commentary


After moving to the upside in early trading on Tuesday, stocks remain mostly positive in the late morning. The major averages have managed to remain in positive territory, offsetting the losses that were posted in the previous session.

The continued strength on Wall Street comes as traders have reacted positively to the release of a mixed batch of U.S. economic data.

With traders reacting positively to upbeat reports on durable goods orders and home prices, the markets have largely shrugged off disappointing reports on new home sales and consumer confidence.

Computer hardware stocks are seeing notable strength on the day, with the NYSE Arca Computer Hardware Index up by 1.3 percent. Seagate Technology (STX) and Western Digital (WDC) continue to post standout gains.

Significant strength has also emerged among railroad stocks, as reflected by the 1 percent gain being posted by the Dow Jones Railroad Index. Healthcare and oil service stocks also moved to the upside, while weakness is visible among gold stocks.

Currently, the major averages are firmly in positive territory but off their best levels of the day. The Dow is up 89.46 points or 0.6 percent at 14,537.21, the Nasdaq is up 9.29 points or 0.3 percent at 3,244.59 and the S&P 500 is up 7.26 points or 0.5 percent at 1,558.95.

by RTTNews Staff Writer

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