India, July 16 -- Stocks have shown a lack of direction over the course of the trading day on Wednesday, with the major averages bouncing back and forth across the unchanged line following the mixed performance seen in the previous session.
Currently, the major averages are posting modest gains. The Dow is up 76.65 points or 0.2 percent at 44,099.94, the Nasdaq is up 8.79 points or less than a tenth of a percent at 20,686.59 and the S&P 500 is up 6.40 points or 0.1 percent at 6,250.16.
The lackluster performance on Wall Street comes following the release of a Labor Department report showing producer prices in the U.S. unexpectedly came in flat in the month of June.
The Labor Department said its producer price index for final demand was u...