Stocks continue to see significant strength in early afternoon trading on Thursday, with the major averages extending the strong upward move seen in the previous session. With the continued advance, the major averages have offset the sell-off seen on Monday.
In recent trading, the Dow reached a new high for the session. Currently, the Dow is up 547.28 points or 1.6 percent at 34,805.60, the Nasdaq is up 132.51 points or 0.9 percent at 15,029.36 and the S&P 500 is up 57.23 points or 1.3 percent at 4,452.87.
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