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U.S. Stocks Remain Sharply Higher In Mid-Day Trading

(RTTNews) - Stocks continue to see considerable strength in mid-day trading on Monday after showing a strong move to the upside early in the session. The tech-heavy Nasdaq is posting a particularly strong gain, soaring to a new record intraday high.

Currently, the major averages are all firmly in positive territory. The Dow is up 332.49 points or 1.3 percent at 26,159.85, the Nasdaq is up 228.70 points or 2.2 percent at 10,436.32 and the S&P 500 is up 43.87 points or 1.4 percent at 3,173.88.

Strength in overseas markets has carried over to Wall Street, as Chinese shares skyrocketed on the day amid positive commentary on the market from state media.

China's Securities Times said fostering a "healthy" bull market after the coronavirus pandemic is now more important to the economy than ever.

Traders also remain generally optimistic about the U.S. economic outlook following last Thursday's better than expected jobs data.
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