India, Aug. 14 -- After showing a lack of direction early in the session, stocks have moved modestly lower over the course of the trading day on Friday. The major averages have all moved to the downside, although selling pressure has remained relatively subdued.

Currently, the Nasdaq and S&P 500 are just off their lows of the session. The Nasdaq is down 83.25 points or 0.3 percent at 26,719.78, the S&P 500 is down 8.23 points or 0.1 percent at 7,790.76 and the Dow is down 66.78 points or 0.1 percent at 53,773.21.

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