India, April 8 -- After moving sharply higher early in the session, stocks have given back ground over the course of the trading day on Tuesday. The major averages have pulled back well off their highs of the session, with the Nasdaq and the S&P 500 briefly dipping into negative territory.
Currently, the major averages are in positive territory but well off their best levels. The Dow is up 283.64 points or 0.8 percent at 38,249.24, the S&P 500 is up 22.26 points or 0.4 percent at 5,084.51 and the Nasdaq is up 58.24 points or 0.4 percent at 15,661.50.
Earlier in the day, the Dow had jumped by nearly 3.9 percent, while the S&P 500 and Nasdaq had both surged more than 4 percent.
The early rally on Wall Street partly reflected optimism about...