India, Aug. 26 -- After ending the previous session mostly higher, 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 modestly lower.

The Dow dipped 113.52 points or 0.2 percent to 53,463.88, the Nasdaq slipped 21.10 points or 0.1 percent to 26,130.20 and the S&P 500 edged down 1.58 points or less than a tenth of a percent to 7,675.70.

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