India, July 8 -- After moving sharply lower over the course of the previous session, stocks have shown a lack of direction during trading on Tuesday. The major averages have spent the day bouncing back and forth across the unchanged line.

Currently, the major averages are posting modest losses. The Dow is down 168.18 points or 0.4 percent at 44,238.18, the Nasdaq is down 21.15 points or 0.1 percent at 20,391.37 and the S&P 500 is down 11.86 points or 0.2 percent at 6,218.12.

The choppy trading on Wall Street comes as investors seem reluctant to make more significant moves amid lingering uncertainty about President Donald Trump's trade policies.

Trump on Monday signed an executive order officially extending the suspension of reciprocal ta...