India, May 8 -- Stocks moved to the downside at the start of trading on Wednesday but have regained some ground over the course of the session. The major averages have climbed well off their lows of the session and are now lingering near the unchanged line.
Currently, the major averages are narrowly mixed. While the Dow is up 62.16 points or 0.2 percent at 38,946.42, the S&P 500 is down 0.73 points or less than a tenth of a percent at 5,186.97 and the Nasdaq is down 16.37 points or 0.1 percent at 16,316.19.
The initial weakness on Wall Street partly reflected lingering uncertainty about the outlook for interest rates following yesterday's remarks by Minneapolis Federal Reserve President Neel Kashkari.
Kashkari suggested interest rates ma...