RTTNews - Stocks continue to show a lack of direction in late morning trading on Tuesday, with the major averages bouncing back and forth across the unchanged line after showing a substantial upward move over the course of the previous session.
The choppy trading comes as traders digest a slew of economic and earnings news, including a report from the Commerce Department showing that retail sales rose more than expected in June due largely to a jump in gasoline prices.
Nonetheless, significant strength has emerged among railroad stocks, with CSX Corp. (CSX) helping to lead the sector higher after reporting second quarter earnings that fell year-over-year but came in above analyst estimates. Shares of CSX are currently up 6.7 percent.
While strength is also visible among metal and energy stocks, some health insurance stocks have come under pressure. Health Net (HNT) and Humana (HUM) are posting notable losses after losing contracts to provide healthcare services for members of the U.S. military.
The major averages have shown a notable move to the upside in recent trading, with the major averages climbing back above the unchanged line. The Dow is currently up 5.66 at 8,337.34, the Nasdaq is up 2.42 at 1,795.63 and the S&P 500 is up 2.01 at 903.06.
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