India, May 13 -- Stocks have moved mostly higher during trading on Tuesday, extending the rally seen over the course of the previous session. The tech-heavy Nasdaq has led the way higher, surging to its best intraday level in over two months.
Currently, the Nasdaq is up 226.52 points or 1.2 percent at 18,934.86 and the S&P 500 is up 34.37 points or 0.6 percent at 5,878.56.
The narrower Dow, on the other hand, has bucked the uptrend and dipped 155.62 points or 0.4 percent to 42,254.48.
The continued strength in the broader markets comes following the release of a Labor Department report showing consumer prices in the U.S. rose by slightly less than expected in the month of April.
The Labor Department said its consumer price index inched ...