India, May 5 -- After moving sharply lower early in the session, stocks have regained ground over the course of the trading day on Monday. The major averages have climbed well off their early lows, with the Dow reaching positive territory.

Currently, the major averages are turning in a mixed performance. While the Dow is up 107.15 points or 0.3 percent at 41,424.58, the S&P 500 is down 10.61 points or 0.2 percent at 5,676.06 and the Nasdaq is down 46.55 points or 0.3 percent at 17,931.18.

The early pullback on Wall Street came as some traders look to cash in on the recent strength in the markets, which lifted the major averages to their best levels in a month.

The S&P 500 closed higher for the ninth consecutive session last Friday, marki...