U.S. stocks rise as hopes for bounce rise
Major U.S. stock indices rose to new levels as hopes for a bounce following the prior session's poor results seem justified.
Range-bound trading persists, with the major averages not making much headway. The airline sector, which has been in a downtrend since the end of January, has garnered some interest today, with the XAL index gaining 1.5%.
Tip of the Day
Look for Activision's stock (ATVI) to continue to rise pending the anticipated release of the sequel to last year's Game of the Year.
For more on this company, refer to the listing ATVI in the Research section.