RTTNews - Stocks have shown a lack of direction in early trading on Wednesday, with the major averages lingering near the unchanged line after posting steep losses in the two previous sessions. The choppy trading reflects some uncertainty about the near-term outlook for the markets.
A mixed performance by the major sectors is contributing to the uncertainty being shown by the broader markets. While pharmaceutical, telecom, and semiconductor stocks are seeing early strength, steel, oil service, and housing stocks have come under pressure.
The major averages are currently posting modest gains, just off their highs for the young session. The Dow is currently up 15.26 at 8,519.93, the Nasdaq is up 4.41 at 1,800.59 and the S&P 500 is up 0.72 at 912.69.
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