2:25 pm : After opening sharply lower, the three indices have spent the entire day in a steady climb toward yesterday's closing levels. While the Dow has been able to cross into positive territory, the S&P 500 remains lower by 0.2% as nine sectors continue to trade in the red.

The financial space has shown some recent strength as the sector returned to its flat line. Further gains in this influential sector would likely give the broader market the boost needed to return into the black.DJ30 +6.42 NASDAQ -3.79 SP500 -1.94 NASDAQ Adv/Vol/Dec 1199/995.9 mln/1231 NYSE Adv/Vol/Dec 1201/329.2 mln/1743

2:00 pm : Although the Dow Jones has been able to climb back to its flat line, the S&P 500 remains pressured by the influential energy, industrial, and financial sectors as the three groups trade with losses between 0.2% and 0.6%.

In the industrial sector, transportation-related stocks have shown weakness as the Dow Jones Transportation Average trades lower by 0.7%. Truckers have shown weakness across the board while airlines trade in mixed fashion.DJ30 -10.95 NASDAQ -7.56 SP500 -3.84 NASDAQ Adv/Vol/Dec 1109/926.6 mln/1320 NYSE Adv/Vol/Dec 1096/303.3 mln/1835

1:30 pm : The major averages have continued their climb towards yesterday's closing levels. The Dow trades with a loss of just three points as the relative strength of Procter & Gamble (PG 81.93, +3.23) and Wal-Mart (WMT 77.08, +0.75) partially overshadows the weakness of most other components of the price-weighted index.

Although the key indices have recovered a good portion of their losses, the CBOE Volatility Index (VIX 14.39, +0.32) remains near its session-best of 14.79%.DJ30 -3.16