U.S. Stocks Continue To Show A Lack Of Direction

(RTTNews) - After showing a lack of direction earlier in the session, stocks continue to experience choppy trading in the early afternoon on Monday. 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 65.81 points or 0.2 percent at 27,949.25, the Nasdaq is down 5.22 points or 0.1 percent at 8,651.31 and the S&P 500 is down 2.39 points or 0.1 percent at 3,143.52.

The lackluster performance on Wall Street comes as traders seem reluctant to make any significant moves ahead of the Federal Reserve's monetary policy announcement on Wednesday.

The Fed is widely expected to leave interest rates unchanged, although traders are still likely to pay close attention to the accompanying statement for clues about the outlook for rates.

A lack of major U.S. economic data may also be keeping some traders on the sidelines ahead of the release of reports on retail sales and consumer and producer prices in the coming days.
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