India, April 17 -- Following the sell-off seen in the previous session, stocks showed a lack of direction over the course of the trading day on Thursday. The Nasdaq and the S&P 500 spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed.
While the Nasdaq edged down 20.71 points or 0.1 percent to 16,286.45, the S&P 500 inched up 7.00 points or 0.1 percent to 5,282.70.
The narrower Dow showed a more significant move to the downside, tumbling 527.16 points or 1.3 percent to 39,142.23.
For the holiday-shortened week, the S&P 500 slumped by 1.5 percent, while the Nasdaq and the Dow plunged by 2.6 percent and 2.7 percent, respectively.
The steep drop by the Dow on the day largely reflected a no...