India, May 7 -- Stocks are seeing modest strength during trading on Tuesday, extending the strong upward move seen over the past several sessions. Buying interest has remained somewhat subdued, however, limiting the upside for the major averages.
The tech-heavy Nasdaq has been bouncing back and forth across the unchanged line but is currently up 28.30 points or 0.2 percent at 16,377.54. The Dow is up 111.34 points or 0.3 percent at 38,963.61 and the S&P 500 is up 14.60 points or 0.3 percent at 5,195.34.
The modest strength on Wall Street comes as stocks continue to benefit from renewed optimism about the outlook for interest rates.
Relatively dovish comments from Federal Reserve Chair Jerome Powell combined with weaker-than-expected job ...