Bulls, Bears Wrestle for Control of Wall Street

Updated from 9:46 a.m. EST

Stocks on Wall Street were swinging wildly Tuesday morning, after traders received encouraging news from several big technology companies but troubles among the financials and automakers were dampening enthusiasm elsewhere.

After whipping higher only to fall quickly back to the baseline, the Dow Jones Industrial Average was lately gaining 122 points at 8395. The S&P 500 was adding 10 points to 861. The Nasdaq was climbing 8.9 points at 1491.

Early futures trading had suggested Tuesday's session could have been a lot worse, but two pieces of news were helping lift technology shares. Computer hardware and software maker Hewlett-Packard (HPQ Quote) was partly responsible, after the company said its fourth-quarter profit would exceed analysts' expectations. Shares of H-P, part of the Dow, were rising. ...