RTTNews - Stocks are seeing modest strength in early trading on Thursday, with the major averages moving back to the upside after ending the previous session moderately lower. Nonetheless, buying interest has remained somewhat subdued.
After seeing considerable weakness on Wednesday, oil service stocks are moving notably higher amid a rebound by the price of oil. While defense, semiconductor, and brokerage stocks are also seeing early strength, retail and airline stocks have come under pressure.
The major averages have moved to the upside in the past few minutes, with the Nasdaq and the S&P 500 reaching new highs for the young session. The Dow is currently up 24.44 at 8,699.72, the Nasdaq is up 11.93 at 1,837.85 and the S&P 500 is up 3.21 at 934.97.
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