India, June 12 -- After moving to the downside early in the session, stocks have regained ground over the course of the trading day on Thursday. The major averages have climbed well off their lows of the session and into positive territory.
Currently, the major averages are posting modest gains. The S&P 500 is up 16.03 points or 0.3 percent at 6,038.27, the Nasdaq is up 47.26 points or 0.2 percent at 19,663.14 and the Dow is up 6.09 points or less than a tenth of a percent at 42,871.86.
The turnaround on Wall Street comes as traders digest the latest U.S. inflation data, with a report from the Labor Department showing producer prices crept up by less than expected in the month of May.
The Labor Department said its producer price index fo...