And The Dow Is Suddenly On A Tear

UPDATE:

The Dow Jones Industrial Average has crossed into positive territory for the first time this trading session, up slightly nearly 20 points. 

The index is led by Caterpillar, IBM and Coca-Cola. 

ORIGINAL:

The market just posted a surprising rally, considering it had been negatively range bound for most of the day. The Dow Jones Industrial Average is still slightly in the red, but off of session lows it hit at 10:36 a.m. 

Currently the Dow is 0.41 below its open, better than the 80 point deficit it was running mid-morning. Caterpillar and IBM are leading the index up, while American Express and J.P. Morgan are the laggards of the day. 

Below, the jump.

Chart

Photo: Yahoo Finance

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.