June 25, 2013- Stocks Remain Positive and Look to Break Trend Resistance

After moving sharply higher in early trading, stocks have remained mostly positive over the course of the trading day on Tuesday. The strong gains on the day are partly offsetting the steep losses posted over the past few sessions. While the major averages have not seen much follow-through on their initial upward move, they remain firmly positive. The Dow is up 114.11 points or 0.8 percent at 14,773.67, the Nasdaq is up 24.00 points or 0.7 percent at 3,344.76 and the S&P 500 is up 14.54 points or 0.9 percent at 1,587.63. The strength on Wall Street comes as some traders have gone bargain hunting following the recent weakness in the markets, which pulled the major averages down to two-month closing lows. Traders are also digesting a batch of largely upbeat U.S. economic news, including a report from the Commerce Department showing a bigger than expected increase in durable goods orders in May.