India, Aug. 17 -- Stocks showed a lack of direction early in the session on Monday but moved mostly lower over the course of the trading day. The major averages all moved to the downside, extending the modest pullback seen during last Friday's session.

The S&P 500 ended the day near its lows of the session, down 40.70 points or 0.5 percent at 7,745.06, pulling back further off the record closing high set last Thursday.

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