RTTNews - After seeing substantial weakness in the previous session, stocks are moving mostly higher in late morning trading on Tuesday. Traders appear reluctant to make significant moves, however, limiting the upside for the major averages.
Health insurance stocks are turning in some of the best performances, as traders pick up stocks at reduced levels. The Morgan Stanley Healthcare Payor Index is up 3.1 percent after ending the previous session at a one-month closing low.
Significant strength is also visible among steel, gold, and transportation stocks, which are moving back to the upside after turning in some of the worst performances on Monday. Real estate, wireless, and computer hardware stocks are also posting notable gains.
On the other hand, retail stocks are adding to the losses posted in the previous session, helping to limit the upside for the broader markets. The S&P Retail Index is currently down 1.5 percent, moving further off the eight-month closing high set earlier this month.
In recent trading, the Dow briefly dipped below the unchanged line, but it is currently posting a modest gain, up 3.18 at 8,615.31. The Nasdaq is more firmly positive, up 11.28 at 1,827.66, while the S&P 500 is up 2.07 at 925.79.
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