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U.S. Stocks Remain Mostly Positive After Early Advance

(RTTNews) - After moving mostly higher early in the session, stocks are seeing continued strength in mid-day trading on Friday. The upward move extends the recovery from the early sell-off seen in the previous session, with the Dow reaching a new record intraday high.

Currently, the major averages are hovering firmly in positive territory. The Dow is up 133.30 points or 0.4 percent at 31,626.64, the Nasdaq is up 97.02 points or 0.7 percent at 13,962.38 and the S&P 500 is up 10.82 points or 0.3 percent at 3,924.79.

Continued optimism about more fiscal stimulus has contributed to the strength on Wall Street, as new Treasury Secretary Janet Yellen urged lawmakers to approve President Joe Biden's $1.9 trillion relief package.

Yellen suggested during an interview with CNBC on Thursday that the Biden administration's proposal could help the U.S. get back to full employment within a year.

The former Federal Reserve Chair also dismissed Republican complaints about the size of the proposed bill, arguing, "The price of doing too little is much higher than the price of doing something big."
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