Major Averages Hovering In Positive Territory In Mid-Day Trading

(RTTNews) - Stocks remain mostly positive in mid-day trading on Thursday, although buying interest has waned from earlier in the session. The Dow and the S&P 500 have given back some ground after reaching new record intraday highs in early trading.

Railroad stocks continue to see considerable strength in mid-day trading, with the Dow Jones Railroads Index up by 1.3 percent. With the gain, the index has reached a new record intraday high.

Greenbrier (GBX), Union Pacific (UNP) and American Railcar (ARII) are turning in some of the railroad sector's best performances.

Significant strength also remains visible among airline stocks, as reflected by the 1.3 percent gain being posted by the NYSE Arca Airline Index. The index reached a twelve-year high earlier in the session but has given back some ground since then.

Retail, housing, and trucking stocks are also seeing some strength on the day, while most of the other major sectors are showing only modest moves.

The major averages have moved roughly sideways in recent trading, hovering in positive territory. The Dow is up 49.07 points or 0.3 percent at 17,127.35, the Nasdaq is up 18.11 points or 0.4 percent at 4,590.67 and the S&P 500 is up 6.30 points or 0.3 percent at 2,007.02.