India, Aug. 25 -- After moving sharply higher over the course of the previous session, stocks are turning in a relatively lackluster performance during trading on Monday. The major averages all moved to the downside at the start of trading, but the tech-heavy Nasdaq has subsequently rebounded into positive territory.
Currently, the major averages are turning in a mixed performance. While the Nasdaq is up 28.69 points or 0.1 percent at 21,525.22, the S&P 500 is down 10.08 points or 0.2 percent at 6,456.83 and the Dow is down 197.59 points or 0.4 percent at 45,434.15.
Profit taking contributed to the initial weakness on Wall Street, as some traders looked to cash in on the strong gains posted last Friday, which lifted the Dow to a new recor...