The initial weakness on
Traders also continued to worry about the outlook for monetary policy following the release of a report showing a narrower than expected US trade deficit.
However, traders seemed somewhat reluctant to continue selling stocks following the sharp drop seen over the past few sessions.
Bargain hunting may have contributed to the subsequent recovery attempt, with the S&P 500 rebounding from a two-month intraday low.
Gold, energy, and tobacco stocks have shown notable moves to the upside in early trading, while weakness remains visible among telecom, computer hardware, and utilities stocks.
Currently, the major averages are posting modest gains. The Dow is up 17.40 points or 0.1% at 16,446.87, the Nasdaq is up 5.42 points or 0.1% at 4,358.26 and the S&P 500 is up 1.91 points or 0.1% at 1,922.12.
Most Popular Stories
- Bently Creates Alabama Small Business Commission
- When to Say No to Investors, Yes to Mentors
- Bolivar Appointed to NSHMBA National Board
- Rosneft Growth Slowed by Western Sanctions
- SBA Kicks off Hispanic Heritage Month
- Duke Energy, Strata Partner on Big Solar Project
- Lindsay Lohan Claims She Handled Whitney Houston's Body Bag
- Ukraine Offers Temporary Autonomy to Rebel-held Areas
- Cat Stevens Touring U.S., First Since 1970s
- Thousands Risk Losing Health Care Aid