We head into the later part of the session with a rally underway...
Chart Courtesy of Thomson Financial
The initial ticks of opening action were fairly subdued (as we already discussed) but the subsequent action has been very strong. The S&P 500 (SPX) is currently testing its best levels of the day while the Dow Jones Industrial Average (DJIA)
breaks above 13,000.
In terms of the sector movement, it can be broken down along some pretty clean lines. Commodity corner and bonds are lagging while everything else rallies...
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