India, May 29 -- Stocks showed a strong move to the upside in early trading on Thursday but have given back ground some ground over the course of the session. While the major averages have pulled back well off their best levels, they are currently all in positive territory.
After surging by as much as 1.5 percent to a three-month intraday high, the tech-heavy Nasdaq is up 161.09 points or 0.8 percent at 19,262.03. The S&P 500 is up 24.85 points or 0.4 percent at 5,913.40, while the Dow is up 3.73 points or less than a tenth of a percent at 42,102.43.
Early buying interest was generated in reaction to news that a federal court blocked President Donald Trump's "reciprocal tariffs" on imports from U.S. trade partners from going into effect....