U.S. Markets Rallying Tuesday Afternoon

New York, NY (AHN) - All three major indices have rallied off their morning lows to trade in positive territory. Sparking the rally are financial stocks as the entire sector has seen heavy buying interest after making new lows in early trading.

The financial sector is currently trading higher by 2 percent. Morgan Stanley (MS) and Wells Fargo are leading the way trading more than 4 percent higher.

The housing sector is showing strength in Tuesday trading after Credit Suisse put an overweight rating on the sector and said an inflection point in housing should come next spring.

The Dow Jones Industrial currently trades higher 18 points while the S&P 500 is at the unchanged level.

The Nasdaq Composite is trading up 3 points after trading down as much as 35 points. Shares of United Parcel Service (UPS) are trading at a four year low as investors fled the stock after the company announced their second quarter earnings would be 10 to 15 cents lower than original forecasts.

Kodak announced Tuesday they plan to buyback up to $1 billion in stock, the news pushed shares higher $1.81, trading at $14.15.