Still, analysts say this advance is likely a bear market rally rather than a turning point for stocks. They believe the financial industry and the overall economy are still too weak for Wall Street to sustain a big advance.
In midday trading, the Dow Jones industrial average is up 255 points at 6,802. The Standard & Poor's 500 index is up 30 at 706, while the Nasdaq composite index is up 61 at 1,330.
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