India, Aug. 14 -- After coming under pressure early in the session, stocks have shown a lack of direction over the course of the trading day on Thursday. The major averages have climbed off their early lows and are now lingering near the unchanged line.
Currently, the major averages are posting modest losses. The Dow is down 91.72 points or 0.2 percent at 44,830.55, the Nasdaq is down 3.97 points or less than a tenth of a percent at 21,709.17 and the S&P 500 is down 3.27 points or 0.1 percent at 6,463.31.
The early weakness on Wall Street came following the release of a Labor Department report showing producer prices in the U.S. increased by much more than expected in the month of July.
The Labor Department said its producer price index ...