U.S. Stocks Give Back Ground After Initial Move To The Upside

After showing a strong move to the upside early in the session, stocks have given back ground over the course of the trading day on Monday. The major averages have pulled back well off their highs of the session, with the Nasdaq and the S&P 500 falling into negative territory.

Currently, the major averages are turning in a mixed performance. While the Dow is up 202.05 points or 0.4 percent at 52,149.30, the S&P 500 is down 10.92 points or 0.2 percent at 7,401.06 and the Nasdaq is down 95.57 points or 0.4 percent at 24,880.25.