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The major market averages continue to trade in the middle of today's range with the Nasdaq (+0.5%) slightly outpacing gains in the Dow (+0.4%) and S&P (+0.4%).
Financials have been among the best performers all session long, piggybacking gains from their European counterparts after the Financial Times reported European banks may be able to sidestep some of the Basel III capital requirements. Shares of Bank of America (BAC 11.73, +0.27) and Wells Fargo (WFC 28.37, +0.67) are among the best performing stocks in the sector on reports that U.S. banks and state attorneys were close to an agreement on the foreclosure front.
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