U.S. Stocks Showing A Lack Of Direction In Morning Trading

(RTTNews) - Stocks have seen considerable volatility over the course of morning trading on Thursday, with the major averages showing wild swings back and forth across the unchanged line. The choppy trading comes on the heels of the strong upward move seen in the previous session.

In recent trading, the Dow has lingered near the unchanged, with the blue chip index currently up just 8.00 points or less than a tenth of a percent at 24,583.90. Meanwhile, the Nasdaq is down 51.96 points or 0.6 percent at 9,323.82 and the S&P 500 is down 9.55 points or 0.3 percent at 2,962.06.

The volatility on Wall Street comes as some traders look to cash in on the strong gains seen earlier this week, while others continue to express optimism about an economic recovery as states ease lockdown restrictions.

The advance seen in the previous session lifted the Nasdaq to a three-month closing high, while the S&P 500 reached its best closing level since early March.

The tech-heavy Nasdaq has shown a particularly strong recovery from its March lows and ended Wednesday's trading less than 5 percent below the record high set in February.
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