India, April 28 -- After turning in a strong performance last week, stocks have shown a lack of direction over the course of the trading session on Monday. The major averages have spent the day bouncing back and forth across the unchanged line.
Currently, the major averages are narrowly mixed. While the Nasdaq is down 36.81 points or 0.2 percent at 17,346.16, the S&P 500 is up 1.47 points or less than a tenth of a percent at 5,526.68 and the Dow is up 133.49 points or 0.3 percent at 40,246.99.
The choppy trading on Wall Street comes as traders seem reluctant to make significant moves as the look ahead to the release of key earnings and economic news in the coming days.
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