India, Jan. 30 -- After an early move to the upside, stocks have shown a lack of direction over the course of the trading session on Thursday. The major averages have pulled back off their early highs, with the Nasdaq slipping into negative territory.
Currently, the major averages are turning in a mixed performance on the day. While the Nasdaq is down 44.94 points or 0.2 percent at 19,587.38, the S&P 500 is up 6.02 points or 0.1 percent at 6,045.33 and the Dow is up 91.17 points or 0.2 percent at 44,804.69.
The lackluster performance on Wall Street comes amid a mixed reaction to earnings news from several big-name companies.
Shares of IBM Corp. (IBM) have skyrocketed by 13.6 percent after the tech giant reported fourth quarter earnings t...