The major U.S. averages are turning in a mixed performance Wednesday afternoon, with the Dow surging higher, while the Nasdaq and S&P 500 struggling to move above the flat line.<\/p>\n
Several components of the Dow are gaining some ground today, rebounding from recent losses, while profit taking in some technology<\/span> stocks is weighing on the Nasdaq Composite Index.<\/p>\n Investors, reacting to data on private sector employment, pending home sales and the reading on Chicago Business Barometer, are looking ahead to crucial non-farm payrolls data for direction.<\/p>\n The surge in infections due to the delta variant of the coronavirus<\/span>, and curbs on travel in several countries have raised some uncertainty about the pace of global economic rebound, contributing to the cautious mood in the market.<\/p>\n The Dow is up 184.65 points or 0.54 percent 34,476.94, slightly off the session’s high of 34,491.92. The S&P 500 is up 2.88 points or 0.07 percent 4,294.68, while the Nasdaq is down 18.65 points or 0.13% at 14,509.68.<\/p>\n Goldman Sachs is surging up 1.9 percent. Citigroup and Morgan Stanley are up with moderate gains. <\/p>\n Walmart is gaining nearly 3 percent, General Electric is up 2.5 percent and Boeing is moving up nearly 2 percent. Walt Disney, Merck and 3M are also up with solid gains.<\/p>\n Technology stocks Alphabet, Apple, Microsoft, Amazon and Facebook are down in negative territory<\/p>\n