Major Averages Remain On Opposite Sides Of Unchanged Line

(RTTNews) - With traders seemingly reluctant to make any significant moves, stocks continue to turn in a lackluster performance in mid-day trading on Monday. The choppy trading extends the roughly sideways move shown by the markets over the past two weeks.

While most of the major sectors are showing only modest moves, considerable weakness remains visible among gold stocks. The NYSE Arca Gold Bugs Index has tumbled by 2.6 percent to its lowest intraday level in over two months.

The weakness among gold stocks comes amid a notable decrease by the price of the precious metal, with gold for December delivery sliding $13.10 to $1,254.20 an ounce.

Energy stocks are also seeing significant weakness amid a decrease by the price of crude oil. Crude for October delivery is currently falling $1.06 to $92.23 a barrel.

On the other hand, networking and electronic storage stocks are seeing some strength on the day, contributing to the modest gain being posted by the tech-heavy Nasdaq.

Currently, the major averages remain mixed, with the Nasdaq clinging to a modest gain. While the Nasdaq is up 1.73 points or less than a tenth of a percent at 4,584.63, the Dow is down 21.52 points or 0.1 percent at 17,115.84 and the S&P 500 is down 5.44 points or 0.3 percent at 2,002.27.