Moving into afternoon trading on Thursday, stocks have come off their intraday highs but remain well above the unchanged line.

Transportation and steel stocks are holding onto particularly strong gains, with the Dow Jones Transportation Average up 9.6 percent and the Amex Steel Index up 8.9 percent.

At the other end of the spectrum, gold stocks continue to be some of the only losers of the day. The Amex Gold Bugs Index is down 5.4 percent.

Currently, the Dow is up 256.71 at 8,018.31, the Nasdaq is up 60.73 at 1,612.33, and the S&P 500 is up 28.09 at 839.17.

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