Stocks showed a strong upward move at the start of trading on Tuesday, with the major averages moving back to the upside after ending the previous session sharply lower. The initial strength came as some traders used Monday's weakness as a buying opportunity.

After turning in some of the worst performances on Monday, banking, steel, and brokerage stocks are helping to lead the way higher in early trading. Real estate, health insurance, and oil service stocks are also posting notable gains.

In the past few minutes, the major averages have pulled back off their highs for the young session, although they remain firmly positive. The Dow is currently up 54.72 at 7,576.74, the Nasdaq is up 23.29 at 1,525.09 and the S&P 500 is up 6.93 at 794.46.

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