Wall Street was higher in early afternoon trade on Monday as it tried to overcome last week’s declines.
The Dow Jones Industrial Average was up 57.7 points to 13,324.6, while the Nasdaq Composite had added 9.8 points to 2,572 and the S&P 500 was 6.2 points higher to 1,465.
Home Depot (NYSE: HD) was the biggest gainer on the Dow, adding 79 cents to $37.54.
Rival home improvement retailer Lowe’s (NYSE; LOW) was up 38 cents to $28.15.
Elsewhere in the retail sector, drug store chain Rite Aid (NYSE: RAD) had gained 2 cents to $5.40, while discount retailer Wal-Mart (NYSE: WMT) was up 20 cents to $46.14.
Aerospace group Boeing (NYSE: BA) also helped the Dow as it added $2.12 to $105.83.
Some banks were higher.
JPMorgan Chase (NYSE: JPM) gained 6 cents to $44.29, while Citigroup (NYSE: C) was up 18 cents to $47.15, Bank of America (NYSE: BAC) had added 41 cents to $47.82, and Wells Fargo (NYSE: WFC) gained 69 cents to $34.25.
On the other hand, mortgage lender Countrywide Financial (NYSE: CFC) was 96 cents lower to $28.89.
American Home Mortgage Investment Corp (NYSE: AHM) had trading halted before the market opened after it fell $6.39, or 39 percent, to $10.47 in premarket trading after it delayed its quarterly dividend.
Friday it said it was “struggling” due to the crisis in the subprime sector.