India, March 28 -- Following the strong upward move seen late in the previous session, stocks are showing a lack of direction during trading on Thursday. The major averages have spent the day bouncing back and forth across the unchanged line.
Currently, the major averages are slightly higher. While the S&P 500 is up 4.68 points or 0.1 percent at 5,253.17, the Nasdaq is up 0.69 points or less than a tenth of a percent at 16,400.21 and the Dow is up 3.90 points or less than a tenth of a percent at 39,763.98.
The choppy trading on Wall Street comes as traders seem reluctant to make significant moves ahead of the release of a Commerce Department report on personal income and spending on Friday that readings on inflation said to be preferred b...