Mid-Morning Market Update: Markets Spike Higher, JC Penney Drops On Stock Sale Report

Following the market opening Tuesday, the Dow traded up 0.70 percent to 14,226.74 while the NASDAQ rose 0.88 percent to 3,209.98. The S&P also rose, gaining 0.74 percent to 1,536.52. Index Technicals: The S&P 500 will attempt to take out its 1,531 resistance today after breaking out over its 1,525 intraday resistance. The