After seeing modest weakness earlier in the session, stocks have moved mostly higher over the course of morning trading on Wednesday. The major averages have bounced well off their lows for the session and into positive territory.
The recovery by the markets is partly due to considerable strength that has emerged among metal stocks, which are moving back to the upside along with commodities prices. Gold stocks are showing notable strength, although they remain well off their recent highs.
While strength has also emerged among oil service stocks, buying interest has remained somewhat subdued. Health insurance and computer hardware stocks are showing more modest upward moves.
On the other hand, weakness among healthcare provider and retail stocks is helping to limit the upside for the broader markets. Some defense stocks are also posting notable losses following analyst downgrades.
The major averages are currently posting modest gains, although the tech-heavy Nasdaq is only just above the unchanged line. The Nasdaq is currently up 0.53 at 2,173.52, while the Dow is up 29.39 at 10,315.36 and the S&P 500 is up 1.80 at 1,093.74.
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