U.S. Stocks Remain Mostly Positive In Mid-Day Trading

(RTTNews) - After showing a strong move to the upside early in the session, socks remain mostly positive in mid-day trading on Tuesday. With the upward move, the tech-heavy Nasdaq has reached a new record intraday high.

In recent trading, the Nasdaq reached a new high for the session. The Nasdaq is currently up 133.17 points or 1.3 percent at 10,189.65, the Dow is up 247.84 points or 1 percent at 26,272.80 and the S&P 500 is up 31.44 points or 1 percent at 3,149.30.

The continued strength on Wall Street has widely been attributed to White House trade adviser Peter Navarro clarifying remarks about the U.S.-China trade deal.

"It's over," Navarro said in response to a question about the trade deal in an interview on Fox News on Monday, adding that the "turning point" was China's failure to warn the United States about the coronavirus outbreak.

However, Navarro subsequently released a statement attempting to clarify his remarks, claiming his initial comments were "taken wildly out of context."
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