Dow Climbs Firmly Into Positive Territory, Nasdaq Nearly Unchanged

(RTTNews) - After showing a lack of direction early in the session, stocks continue to turn in a relatively lackluster performance in mid-day trading on Tuesday. The Nasdaq and the S&P 500 are showing only modest moves, although the narrower Dow has climbed more firmly into positive territory.

The Dow, which has recently underperformed the other major averages, is currently up 118.86 points or 0.5 percent at 26,783.26. The S&P 500 is also up 6.65 points or 0.2 percent at 3,301.26, while the Nasdaq is down 1.81 points or less than a tenth of a percent at 10,900.99.

The choppy trading on Wall Street comes as traders express some uncertainty about the near-term outlook for the markets after the tech-heavy Nasdaq reached a new record closing high on Monday. The S&P 500 also finished Monday's trading at its best closing level since February.

Traders cashed in on some of the recent strength in the markets early in the session, although selling pressure waned shortly after the open amid worries about missing out on further upside.

Uncertainty about the prospects for a new coronavirus relief bill may also be keeping traders on the sidelines, as negotiators struggle to reach an agreement even as new cases continue to spike and enhanced unemployment benefits expired last week.
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