India, July 22 -- Following the strength seen in the previous session, stocks showed a lack of direction over the course of the trading day on Wednesday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing in negative territory.
The Nasdaq slid 146.30 points or 0.6 percent to 25,690.90 and the S&P 500 edged down 10.24 points or 0.1 percent to 7,498.96. The narrower Dow spent most of the day in positive territory but closed down 6.06 points or less than a tenth of a percent at 52,218.58.
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