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Nasdaq Sharply Higher In Mid-Day Trading, Dow Posting Modest Gain

(RTTNews) - After moving to the upside early in the session, stocks remain mostly positive in mid-day trading on Wednesday. The major averages are rebounding following the notable downward move seen late in the previous session.

Currently, the major averages are hovering in positive territory, with the Dow posting a relatively modest gain. While the Dow is up 65.94 points or 0.3 percent at 26,445.22, the Nasdaq is up 114.35 points or 1.1 percent at 10,516.44 and the S&P 500 is up 26.46 points or 0.8 percent at 3,244.90.

The strength on Wall Street partly reflects a positive reaction to the latest batch of earnings news, with a number of big-name companies reporting better than expected quarterly results.

Chipmaker Advanced Micro Devices (AMD) has moved sharply higher after reporting second quarter results that exceeded analyst estimates and raising its full-year guidance.

Shares of C.H. Robinson (CHRW) have also spiked after the transportation services provider reported second quarter results that beat analyst estimates on both the top and bottom lines.
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