Dow Now Up 70 Points

UPDATED (2:13 p.m.)

U.S. markets have started to head higher after a day mostly stuck in neutral.

The Dow is up some 70 points to 12,640 — a small dent in the major losses it recorded yesterday.

Leading the gain is J.P. Morgan, up nearly 2 percent after yesterday's downgrades by Moody's.

Meanwhile, the Nasdaq is 24 points higher, to 2,883, while the S&P is advancing 7 to 1,333.

• MOODY'S DOWNGRADES GLOBAL BANKS
  
• Ten Brands That Will Disappear In 2013
  
• A Video Of This Woman Getting Humiliated Went Viral, And Now The Internet Has Raised More Than $300K To Make Her Feel Better