U.S. Stocks Remain Mostly Positive, S&P 500 Hovering Above 4,000
WASHINGTON (dpa-AFX) - Stocks are mostly positive in mid-day trading on Thursday, with technology stocks holding on to strong gains after an early rally. With the upward move on the day, the S&P 500 has reached a new record intraday high above 4,000.
After underperforming earlier in the session, the Dow has recently joined the Nasdaq and S&P 500 firmly in positive territory. The Dow is up 161.08 points or 0.5 percent at 33,142.63, the Nasdaq is up 199.68 points or 1.5 percent at 13,446.55 and the S&P 500 is up 37.47 points or 0.9 percent at 4,010.36.
The extended rally by technology stocks, as reflected by the jump by the tech-heavy Nasdaq, is partly in reaction to upbeat news out of the semiconductor sector.