Stocks are holding near their intraday highs during late morning trading on Thursday.

Railroad and steel stocks are leading the climb, with the Dow Jones Railroads Index up 8 percent and the Amex Steel Index up 7.9 percent.

Meanwhile, gold stocks are some of the only losers of the day, driving the Amex Gold Bugs Index down 5 percent.

Currently, the Dow is up 225.56 at 7,987.16, the Nasdaq is up 53.47 at 1,605.07, and the S&P 500 is up 25.06 at 836.14.

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