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U.S. Stocks Hovering In Positive Territory In Mid-Day Trading

(RTTNews) - Stocks have pulled back off their best levels of the day but remain mostly positive in mid-day trading on Tuesday. The major averages are holding on to gains after showing a strong move to the upside at the start of trading.

Currently, the major averages are hovering firmly in positive territory. The Dow is up 128.23 points or 0.4 percent at 30,942.49, the Nasdaq is up 115.14 points or 0.9 percent at 13,113.64 and the S&P 500 is up 21.88 points or 0.6 percent at 3,790.13.

The initial strength on Wall Street came following the losses seen last week, when the Dow slid by 0.9 percent and the Nasdaq and the S&P 500 both slumped by 1.5 percent.

The major averages saw notable weakness last Friday after turning lower over the course of the session on Thursday, with the Dow and the Nasdaq pulling back after reaching record intraday highs.

Early buying interest was generated in reaction to earnings news from companies such as Goldman Sachs (GS) and Bank of America (BAC), although both the financial giants have moved lower over the course of the morning.
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