India, June 29 -- After showing a strong move to the upside early in the session, stocks have seen considerable volatility over the course of the trading day on Monday. The major averages have shown wild swings but have largely maintained a positive bias.

Currently, the major averages are in positive territory but well off their highs of the session. The Nasdaq is up 253.33 points or 1 percent at 25,550.95, the S&P 500 is up 40.16 points or 0.6 percent at 7,394.18 and the Dow is up 199.77 points or 0.4 percent at 52,075.88.

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