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Dow Outperforming Nasdaq, S&P 500 In Mid-Day Trading

(RTTNews) - After an early move to the upside, stocks remain mostly positive in mid-day trading on Wednesday. The Dow is posting a particularly strong gain after reaching its best intraday level in nearly two months.

Currently, the Dow is outperforming the broader Nasdaq and S&P 500 by a wide margin. While the Dow is up 321.99 points or 1.2 percent at 27,150.46, the Nasdaq is up 28.80 points or 0.3 percent at 10,969.97 and the S&P 500 is up 17.73 points or 0.5 percent at 3,324.24.

The notable advance by the Dow is partly due to a sharp increase by shares of Disney (DIS), with the entertainment giant spiking by 10.6 percent.

After the close of trading on Tuesday, Disney reported an unexpected adjusted fiscal third quarter profit despite weaker than expected revenues.

The continued strength in the broader markets may reflect optimism that lawmakers will eventually reach an agreement on a new coronavirus relief bill.
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