The major averages have moved roughly sideways in recent trading, hovering near their best levels of the day. The Dow is up 163.30 points or 1% at 16,826.21, the Nasdaq is up 38.59 points or 0.9% at 4,503.52 and the S&P 500 is up 16.12 points or 0.8% at 1,971.18.
The strength on
Ukrainian Foreign Minister
The easing worries about the conflict in
On the US economic front, the
The report said the NAHB/Wells Fargo Housing Market Index climbed to a reading of 55 in August from 53 in July. Economists had expected the index to come in unchanged compared to the previous month.
With the unexpected increase, the housing market index rose to its highest level since reaching a reading of 56 in January.
Among individual stocks, shares of
Theme park operator
On the other hand, shares of
Airline stocks continue to turn in some of the market's best performances in mid-day trading, with the NYSE Arca Airline Index up by 2.1%. The gain extends a recent upward move by the index, which has climbed well off the two-month closing low set earlier this month.
Significant strength has also emerged among trucking stocks, as reflected by the 1.6% gain being posted by the Dow Jones Trucking Index. With the gain, the index has reached a new record high.
Defense stocks are also seeing considerable strength on the day, resulting in a 1.4% gain by the Philadelphia Defense Sector Index.
Housing, railroad, and banking stocks have also shown strong moves to the upside, moving higher along with most of the other major sectors.
In overseas trading, stock markets across the
Meanwhile, the major European markets showed strong moves to the upside. The
In the bond market, treasuries are giving back some ground after ending the previous session notably higher. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is up by 3.2 basis points at 2.377%.
Most Popular Stories
- PBS Series Examines America's Demographic Shift
- Tim Cook Has Proved That Apple is His Baby
- Royals Beat A's in 12-inning Wild Card Thriller
- Why the Bond Market Isn't as Safe as You Think
- Construction Spending Down Again for August
- Lexus Luxury Compact Sedan Wins Buyers
- Texas Sees Gains in Hispanic College Enrollment
- Americans Bet Big on Gambling Industry
- What to Look for in Mich. Jobs Market
- Obama Seeks Traction From Economic Recovery