Stocks Find Footing - TheStreet

Stocks Find Footing

The major indices were tracking into the green after some early wavering with the flat line.
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Updated from 10:44 a.m. EDT

Stocks in the U.S. were rising tentatively Thursday as traders looked to stem the selloff that hit Wall Street in the previous session.

The

Dow Jones Industrial Average

was adding 56 points to 12,870, and the

S&P 500

was up 3 points at 1395. The

Nasdaq

was tacking on 11 points at 2449.

A slight rebound from the previous down session was taking shape as investors absorbed a

new round of retail data

Thursday morning.

Wal-Mart

(WMT) - Get Report

was among the gainers, rising 1.2% after saying its April same-store sales climbed 3.2% last month, excluding fuel sales, a result that topped expectations.

Total sales for the month climbed 9.8% to $29.18 billion. The world's biggest retailer was just one of many U.S. chain stores reporting numbers during the morning.

Costco

(COST) - Get Report

said comps were up 8% last month, but

Limited

(LTD)

had a same-store sales decline of 5%.

BJ's Wholesale

(BJ) - Get Report

had an increase of 17.8% in comps, and at

McDonald's

(MCD) - Get Report

, same-store sales rose 5% worldwide last month.

Gap

(GPS) - Get Report

was also a positive, lifting its first-quarter profit forecast.

Among the analyst actions, Merrill Lynch downgraded a number of airlines, cutting

Delta

(DAL) - Get Report

,

UAL

(UAUA)

,

US Airways

(LCC)

,

AMR

(AMR)

and

Contintental

(CAL) - Get Report

to neutral from buy.

Crude oil, after an inital foray higher, was retreating $1.42 at $122.08 a barrel in New York. Gold was up $13.50 at $844.70 an ounce.

In Treasuries, the 10-year was yielding 3.82%.

Overseas, stocks were mostly to the downside. Tokyo's Nikkei lost 1.1% to 13,943, and Hong Kong's Hang Seng fell 0.6% to 25,450. In Europe, the London FTSE edged lower to 6260, and the Paris Cac was off 0.5% at 5049. Frankfurt's Xetra Dax shed 0.4% to 7051.

This article was written by a staff member of TheStreet.com.