RTTNews - Stocks have moved modestly higher in early trading on Friday, with the major averages adding to the strong gains posted in the previous session. Nonetheless, buying interest has remained somewhat subdued, limiting the upside for the markets.
Benefiting from a continued increase in commodities prices, resource stocks are helping to lead the way higher once again. While housing and transportation stocks are also seeing early strength, some weakness has emerged in the defense and banking sectors.
The major averages are currently posting modest gains, just off their highs for the young session. The Dow is currently up 23.18 at 8,426.98, the Nasdaq is up 4.33 at 1,756.12 and the S&P 500 is up 3.16 at 909.99.
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