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Stocks Drift Up, Remain Off Highs

Stock quotes in this article: C , BC , GM , MRK , VZ , GOOG , TM , BAC  

Updated from 11:08 a.m. EST

Stocks in New York were again working their way higher midday Tuesday as investors took in the release of the worst pending home sales and other economic data.

The Dow Jones Industrial Average was rising 45 points at 8998, and the S&P 500 added 6 points at 933. The Nasdaq was climbing 21 points at 1649.

Banks Citigroup (C Quote) and Bank of America (BAC Quote) as well as automaker General Motors(GM Quote)were recently registering the biggest --albeit less than 5% -- gains of the Dow components. Meanwhile, Merck (MRK Quote) and Verizon (VZ Quote) were the greatest decliners in the index. ...

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