India, Jan. 13 -- Stocks have shown a lack of direction over the course of the trading session on Tuesday, with the major averages bouncing back and forth across the unchanged line after recovering from initial weakness to end the previous session modestly higher.

Currently, the major averages are turning in a mixed performance. While the Nasdaq is up 15.33 points or 0.1 percent at 23,749.24, the S&P 500 is down 11.54 points or 0.2 percent at 6,965.73 and the Dow is down 302.06 points or 0.6 percent at 49,288.14.

The Dow is pulling back off the record closing high set on Monday amid a slump by shares of JPMorgan Chase (JPM), with the financial giant tumbling by 3.5 percent.

JPMorgan is under pressure after reporting fourth quarter pro...