Dow jumps by 1% in late-morning trade, with General Electric the only component in the red

The Dow Jones Industrial Average sharpened its gains late-morning Tuesday, with the advance powered by shares of Boeing Co. BA, +1.40% and UnitedHealth Group Inc. UNH, +2.32% with only shares of General Electric Co. GE, -0.97% hovering in negative territory, off 1%. The Dow DJIA, +0.91% was up 260 points, or 1.1%, at 23,905. Gains in UnitedHealth and Boeing were contributing more than 70 points to the price-weighted blue-chip average. Meanwhile, the S&P 500 index SPX, +0.65% was up 0.9% at 2,605. The technology-laden Nasdaq Composite Index COMP, +0.48% was up 1% at 6,941. All three benchmarks saw hefty losses in a tech-and-trade inspired selloff that took the Nasdaq into negative territory for 2018 and the S&P 500 to its first close below its closely watched 200-day moving average in about two years.