After showing a lack of direction throughout much of the previous session, stocks are turning in another lackluster performance during trading on Tuesday. The major averages have had difficulty sustaining any significant moves on the day.
The choppy trading comes as many traders remain away from their desks following the Christmas Day holiday last Friday and ahead of the New Year's Day holiday this Friday. Investors have largely shrugged off the latest data on home prices and consumer confidence.
Despite the lack of direction being shown by the broader markets, significant weakness has emerged among electronic storage stocks. The NYSE Arca Disk Drive Index is currently down by 1.2 percent, pulling back further off the one and half year closing high set last Thursday.
Airline stocks are also pulling back further off their recent highs amid concerns that the past weekend's attempted terrorist attack could impact air travel. On the other hand, some defense stocks are posting notable gains on optimism about spending on increased security measures.
The major averages are currently turning in a mixed performance, with the Dow holding onto a modest gain. While the Dow is currently up 7.55 at 10,554.63, the Nasdaq is down 3.12 at 2,287.96 and the S&P 500 is down 0.60 at 1,127.18.
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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.