U.S. Stocks Rally On Weaker Than Expected Service Sector Reading

After fluctuating early in the session, stocks have moved sharply higher over the course of morning trading on Friday. The major averages have shown a strong move back to the upside following the significant pullback seen in the previous session.

Currently, the major averages are just off their highs of the session. The Dow is up 475.05 points or 1.4 percent at 33,405.13, the Nasdaq is up 117.54 points or 1.1 percent at 10,422.78 and the S&P 500 is up 50.23 points or 1.3 percent at 3,858.33.

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by RTTNews Staff Writer

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