Stocks are seeing modest strength in mid-afternoon trading on Tuesday after recovering from early weakness over the course of the morning. The major averages are hovering in positive territory, offsetting the slim losses posted in the previous session.
The turnaround on Wall Street came amid reports that Greek officials have made progress on reaching an agreement to enact the reforms needed to receive a new bailout. The news offset concerns that Greece could be headed for a chaotic default.
Buying interest has remained somewhat subdued, however, as traders seem reluctant to continue buying stocks following the strong upward move seen in recent weeks.
Most of the major sectors are showing only modest moves, although significant strength has emerged among tobacco stocks. The NYSE Arca Tobacco Index is up by 1.3 percent after reaching a record intraday high earlier in the session.
Oil producer, utilities, and health insurance stocks are also seeing strength on the day, while weakness remains visible among biotechnology stocks.
The major averages have moved roughly sideways in afternoon trading, holding on to modest gains. The Dow is up 37.01 points or 0.3 percent at 12,882.14, the Nasdaq is up 3.75 points or 0.1 percent at 2,905.74 and the S&P 500 is up 2.83 points or 0.2 percent at 1,347.16.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.