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Although the S&P 500 recently backed off of the 1300 line, it hasn't exactly been knocked down. Instead, the benchmark index continues to sport a 1.5% gain. The Dow has displayed similar strength, which has blue chips on pace for their best collective three-day gain since September.
General Electric (GE 19.71, +0.46) has been one of today's best performing blue chips.
In contrast, Bank of America (BAC 13.95, -0.09) has been one of the worst performing Dow components of this session.
Kraft (KFT 30.84, -0.15) is also mired in the red, although it has worked its way up from its morning low, which was set in response to news of a downgrade by analysts at JPMorgan.
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