RTTNews - After posting strong gains in the previous sessions, stocks have turned in a lackluster performance over the course of the trading day on Friday. The major averages have remained mostly positive, although they have had difficulty sustaining any significant upward moves.
Gold stocks are turning in some of the best performances, resulting in a 1.8 percent gain by the NYSE Arca Gold Bugs Index. The strength in the sector comes amid an increase by the price of gold, with gold for August delivery currently up $4.90 at $942.20 an ounce.
While some housing, steel, and trucking stocks are also posting strong gains, most of the other major sectors are showing a lack of direction. Nonetheless, some electronic storage stocks are posting notable losses.
The major averages are currently clinging to modest gains, well off their highs for the session. The Dow is currently down 25.24 at 9,179.70, the Nasdaq is up 6.29 at 1,990.59 and the S&P 500 is up 1.10 at 987.85.
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