After moving sharply higher at the open, stocks have seen some further upside over the course of the first half-hour of trading on Thursday. The major averages have moved more firmly into positive territory, rising to their best intraday levels in well over a month.

Steel stocks are posting particularly strong gains, more than offsetting the steep losses that were posted on Monday. While significant strength is also visible among transportation, oil service, and banking stocks, gold stocks continue to buck the uptrend.

The major averages have continued higher in recent trading, rising to new highs for the young session. The Dow is currently up 188.21 at 7,949.81, the Nasdaq is up 41.07 at 1,592.67 and the S&P 500 is up 21.87 at 832.95.

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