India, April 17 -- Stocks have shown a lack of direction over the course of the trading session on Thursday, with the Nasdaq and the S&P 500 bouncing back and forth across the unchanged line following the sell-off seen over the course of the previous session.

Currently, the Nasdaq is down 32.21 points or 0.2 percent at 16,274.95, but the S&P 500 is up 12.78 points or 0.2 percent at 5,288.48.

The narrower Dow has shown a more significant move to the downside, tumbling 486.22 points or 1.2 percent to 39,183.17.

The slump by the Dow largely reflects a nosedive by shares of UnitedHealth (UNH), with the healthcare giant plummeting by 22.7 percent.

UnitedHealth has tumbled to a nearly two-month intraday low after the company reported weaker t...