Tuesday's early afternoon trade: main indexes up; Spotify surges in NYSE debut

Wall Street's main indexes were slightly higher in volatile trading on Tuesday, supported by gains in financials, while technology stocks came under pressure again. Amazon fell 0.3 percent following President Donald Trump's latest attack on the online retail giant. Tesla shares gained 4.5 percent after the electric automaker said it need not raise more capital this year and announced robust production numbers for its cheaper Model 3 sedans.
Amazon and Tesla were among the top drags on Monday, pushing the S&P 500 below its 200-day moving average for the first time since Britain's vote to leave the European Union in June 2016. "In technology sector, you have some bear forces, an election year that is going to couple into regulation that wasn't really priced into the marketplace, especially in social media," said Matt Lloyd, chief investment strategist at Advisors Asset Management.
The technology sector has been battered in recent weeks following Facebook's data scandal, Trump's intervention against Amazon and concerns around autonomous cars. At 13:17 pm ET, the Dow Jones Industrial Average was up 0.48 percent at 23,758.83. The S&P 500 gained 0.27 percent to 2,588.82 and the Nasdaq Composite rose just 0.08 percent to 6,875.77.
Yield on 10-year Treasury note rose after dropping to two-month lows on Monday, boosted by safety buying as stocks tumbled. The rise in yield also helped financial stocks, with the S&P financial index up 0.44 percent. Nervous investors are hoping an unusually strong US earnings season can restore some of the optimism that characterized equity markets last year.