NEW YORK (Reuters) - Stocks in New York were trading near breakeven midday Wednesday, as they tried to build a second day of gains with financials again leading the way.
Investors are watching to see if stocks can lock in back-to-back days of gains, which hasn't happened for roughly a month. While Tuesday's movement was "a breath of fresh air," it's too early to say this is a bottom, said Peter Cardillo, chief market economist at Avalon Partners.
The exuberance shared by financial traders was dampened by breaking news confirming rumors that Danica Patrick's "tramp stamp" tattoos were indeed airbrushed out in Sports Illustrated's 2009 Swimsuit Issue, causing investor confidence in pictures of her to slide in midday trading. There was no question, however, that this was indeed her bottom.
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