India, June 5 -- Following the lackluster performance seen in the previous session, stocks continue to show a lack of direction during trading on Thursday. The major averages have once again spent the day bouncing back and forth across the unchanged line.
Currently, the major averages are posting modest gains. The Nasdaq is up 75.70 points or 0.4 percent at 19,536.19, the S&P 500 is up 13.72 points or 0.2 percent at 5,984.53 and the Dow is up 37.11 points or 0.1 percent at 42,464.85.
The major averages moved to the upside in recent trading after President Donald Trump confirmed in a post on Truth Social that he had an approximately 90-minute phone call with Chinese President Xi Jinping.
Trump described the phone call with his Chinese cou...