Stocks at session highs in afternoon action

|By:, SA News Editor

A modest early gain has grown into a more sizable advance, with the S&P 500 up 1% and the Dow ahead 1.2% at around 1 ET. The Nasdaq is higher by 0.85%.

It's a broad move, led by the industrials (XLI +1.2%) and building materials (XLB +1.1%), as trade war chatter has calmed a bit.

The 10-year Treasury yield is up 1.3 basis points to 2.84%. Gold is modestly in the green, and oil is down 1.2% to $66.56.

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