Major Averages Hovering In Positive Territory In Mid-Day Trading

(RTTNews) - After moving sharply lower over the course of the previous session, stocks have regained some ground during trading on Friday. Buying interest has remained somewhat subdued, however, limiting the upside for the markets.

Despite the strength being shown by the broader markets, most of the major sectors are showing only modest moves in mid-day trading.

Trucking stocks are seeing considerable strength, however, with the Dow Jones Trucking Index advancing by 1.3 percent. The index is regaining some ground after ending the previous session at its lowest closing level in over a month.

YRC Worldwide (YRCW) has helped to lead the trucking sector higher, with the transportation services provider surging up by 4.6 percent.

Notable strength is also visible among oil service stocks, as reflected by the 1 percent gain being posted by the Philadelphia Oil Service Index. The strength in the sector comes as crude for November delivery is climbing $0.39 to $92.92 a barrel.

Electronic storage, railroad, and semiconductor stocks are also seeing some strength on the day, while gold stocks have moved to the downside along with the price of the precious metal.

Currently, the major averages are posting moderate gains, well off their highs for the session. The Dow is up 64.12 points or 0.4 percent at 17,009.92, the Nasdaq is up 14.33 points or 0.3 percent at 4,481.08 and the S&P 500 is up 4.23 points or 0.2 percent at 1,970.22.