After seeing initial weakness, stocks have turned mixed over the course of the trading day on Friday. The tech-heavy Nasdaq has climbed firmly into positive territory, while the Dow and the S&P 500 remain stuck in the red.
The early weakness on Wall Street came following the release of a report from the Commerce Department showing somewhat weaker than expected GDP growth in the fourth quarter, although the pace of growth still reflected a notable acceleration from the previous quarter.
An upbeat report on consumer sentiment in the month of January helped to limit the downside for the markets and even inspired some buying interest.
Extending a recent upward move, airline stocks have shown strong move to the upside on the day, driving the NYSE Arca Airline Index up by 2.1 percent. With the gain, the index has risen to a six-month high.
Gold stocks are also seeing considerable strength in mid-afternoon trading, as the price of the precious metal has reached its best levels in over a month. Healthcare, oil service, and electronic storage stocks are also posting strong gains.
On the other hand, significant weakness remains visible among utilities and tobacco stocks. Notable losses by Chevron (CVX), Travelers (TRV), and Cisco (CSCO) are helping to keep the Dow in the red.
The major averages have moved roughly sideways in recent trading, stuck on opposite sides of the unchanged line. While the Nasdaq is up 6.53 points or 0.2 percent at 2,811.81, the Dow is down 72.51 points or 0.6 percent at 12,662.12 and the S&P 500 is down 2.90 points or 0.2 percent at 1,315.53.
For comments and feedback contact: editorial@rttnews.com
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.