After coming under pressure in early trading on Tuesday, stocks have shown a notable recovery attempt over the course of the morning. The major averages have bounced well off their lows for the session.
The initial weakness on Wall Street reflected lingering concerns about a possible default by Greece, where officials continue to struggle to reach an agreement on the reforms needed to receive a new bailout.
Selling pressure waned not long after the start of trading, however, as traders seem wary of missing out on any further upside for the markets.
Most of the major sectors are showing only modest moves in late morning trading, although significant strength has emerged among tobacco stocks. The NYSE Arca Tobacco Index has surged up by 1.4 percent to a record intraday high.
Housing and electronic storage stocks have also shown notable moves to the upside on the day, while considerable weakness remains visible among railroad and oil service stocks.
The major averages have continued to move to the upside in recent trading, climbing into positive territory. The Dow is up 18.84 points or 0.2 percent at 12,863.97, the Nasdaq is up 2.78 points or 0.1 percent at 2,904.77 and the S&P 500 is up 0.46 points or less than 0.1 percent at 1,34.79.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.