India, March 17 -- Stocks have moved mostly higher during trading on Monday, extending the significant rebound seen during last Friday's session. Buying interest has remained somewhat subdued, however, limiting the upside for the major averages.
Currently, the Dow is up 216.35 points or 0.5 percent at 41,704.54 and the S&P 500 is up 19.57 points or 0.4 percent at 5,658.51. The tech-heavy Nasdaq, on the other hand, has bucked the uptrend and dipped 9.71 points or 0.1 percent to 17,744.37.
The strength on Wall Street comes as traders continue to pick up stocks at relatively reduced levels following recent weakness, which saw the S&P 500 plunge into correction territory last Thursday.
Positive sentiment was also generated in reaction to the...