After failing to sustain an initial move to the upside, stocks have shown a lack of direction over the course of the trading session on Wednesday. The major averages have pulled back off their highs of the session and are now lingering near the unchanged line.
Currently, the major averages are posting modest losses. The Dow is down 46.40 points or 0.1 percent at 46,246.38, the S&P 500 is down 3.86 points or 0.1 percent at 6,653.06 and the Nasdaq is down 5.59 points or less than a tenth of a percent at 22,567.88.
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