India, Feb. 1 -- Stocks gave back ground after an early advance but have once again moved back to the upside over the course of the trading session on Thursday. The major averages have climbed more firmly into positive territory, partly offsetting the steep losses posted in the previous session.
After briefly turning negative earlier in the session, the Dow is currently up 240.15 points or 0.6 percent at 38,390.45. The Nasdaq is also up 141.31 points or 0.9 percent at 15,305.32, while the S&P 500 is up 39.92 points or 0.8 percent at 4,885.57.
The strength on Wall Street comes as some traders see the sell-off on Wednesday as a buying opportunity amid optimism the markets will resume the upward trend seen throughout much of January.
While ...