India, March 7 -- After moving sharply lower over the course of the previous session, stocks have shown a lack of direction during trading on Friday. The major averages have spent the day bouncing back and forth across the unchanged line.
Currently, the major averages are posting modest losses. The Nasdaq is down 77.25 points or 0.4 percent at 17,992.00, the S&P 500 is down 23.25 points or 0.4 percent at 5,715.27 and the Dow is down 77.92 points or 0.2 percent at 42,501.16.
The choppy trading on Wall Street comes following the release of a closely watched Labor Department report showing employment in the U.S. increased by slightly less than expected in the month of February.
The report said non-farm payroll employment climbed by 151,000 ...