Stocks Stage Rally in Final Hour of Trading

January 11, 2016 3:28 PM EST

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(Updated - January 11, 2016 3:44 PM EST)

Major indexes turned higher late in the session Monday, reversing earlier declines that were fueled in part by ongoing crude weakness. With thirty-minutes left in the normal trading session, the S&P 500, Nasdaq, and Dow were all in the green, paring earlier declines.

The S&P tested recent lows at 1900, which held thanks in part to comments from Atlanta Federal Reserve Bank President Dennis Lockhart. There might not be enough fresh data on inflation to support a second U.S. interest rate increase in January or March, he said.

Earnings season kicks off after the close of trading with Alcoa (NYSE: AA) set to report Q4 results, paving the way for a deluge in the coming weeks. The change in tempo is seen by some as a welcome reprieve from issues in China and pain in the energy markets.

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