Tuesday's early afternoon trade: Wall Street rises

Wall Street bounced in light volume on Tuesday, a day after the S&P 500 fell to its lowest in over two months, with some describing the S&P's losses in the past five weeks as overdone. The Dow Jones industrial average gained 63.72 points, or 0.53 percent, to 12,153.68. The Standard & Poor's 500 Index rose 6.87 points, or 0.53 percent, to 1,293.04.
The Nasdaq Composite Index added 8.87 points, or 0.33 percent, to 2,711.43. Bank stocks, heavily sold in recent weeks, were among the biggest gainers. J.P. Morgan Chase & Co rose 1.9 percent to $41.28, while the KBW bank index was up 1 percent.