RTTNews - Stocks continue to turn in a mixed performance in late morning trading on Wednesday, with the Dow and the Nasdaq stuck on opposite sides of the unchanged line. With the choppy trading, the major averages remain stuck in their recent trading ranges.
The tech-heavy Nasdaq has managed to climb firmly into positive territory amid strength among technology stocks. Semiconductor and storage stocks are posting notable gains, with SanDisk (SNDK) leading both sectors higher.
Housing stocks have also moved higher over the course of the morning after the National Association of Realtors released a report showing that existing home sales increased slightly more than expected in the month of April.
On the other hand, some transportation stocks have come under pressure, with airline and railroad stocks posting notable losses. Considerable weakness is also visible among real estate, banking, and chemical stocks.
In recent trading, the S&P 500 has peeked above the unchanged line and is currently up 0.49 at 910.82. The Nasdaq also remains up 12.71 at 1,763.14, while the Dow is down 22.14 at 8,451.35.
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