(RTTNews) - After moving sharply higher at the open, stocks have seen continued strength throughout morning trading on Monday. The major averages have shown strong upward moves, with the Dow reaching its best intraday price in over a year.

Resource stocks are seeing substantial strength, as commodities prices are rallying amid some optimism about the outlook for demand. With the price of gold reaching a new record high, gold stocks are turning in some of the sector’s best performances.

A variety of other sectors have also shown strong moves to the upside after the G20 finance ministers indicated that their economic stimulus measures would remain in place until the global economic recovery is assured.

Semiconductor stocks are posting significant gains in late morning trading, resulting in a 2.5 percent gain by the Philadelphia Semiconductor Index. Notable strength is also visible among real estate, electronic storage, and financial stocks.

The major averages are currently posting strong gains, hovering near their best levels of the day. The Dow is currently up 147.29 at 10,170.71, the Nasdaq is up 29.15 at 2,141.59 and the S&P 500 is up 16.26 at 1,085.56.

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Posted in Categories: Economy, Releases.

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