Summary: The major markets made a modest recovery from the prior day's losses at Tuesday's midday trading. Investors are lifted by positive economic data at home and growing optimism for further stimulus overseas. Construction spending increased more than expected in October. Spending rose by 1.1% from September. ISM New York also reported current business conditions were up in November to 62.4 from 54.8 in the prior month. Auto sales were better-than-expected in November. Shares of Ford (F), General Motors (GM) and Fiat Chrysler (FCAU) are all driving higher. M&A is pushing tech stocks higher. Cypress Semiconductor (CY) and Spansion (CODE) are leading the advance, both up significantly in the session after the chipmakers agreed to merge. The deal is valued at $1.6 billion.
