Stocks are turning in a lackluster performance in early trading on Tuesday, as traders weigh the latest news out of Greece against a batch of largely upbeat economic data. The major averages are lingering near the unchanged line after ending the previous session sharply lower.
The major averages have been bouncing back and forth across the unchanged line and are currently posting modest gains. The Dow is up 7.19 points or 0.1 percent at 12,702.54, the Nasdaq is up 6.45 points or 0.2 percent at 2,909.03 and the S&P 500 is up 0.81 points or 0.1 percent at 1,339.16.
The choppy trading on Wall Street comes as news that Greece will hold new elections has offset the positive sentiment seen in pre-market trading on the heels of a batch of economic reports.
The news out of Greece comes after lawmakers failed to reach an agreement on a coalition government, with the new elections seen as referendum on whether Greece should remain a member of the eurozone.
Nonetheless, traders are also digesting reports showing a faster than expected expansion in New York manufacturing activity as well as a modest increase in U.S. retail sales.
The New York Fed said its general business conditions index jumped to 17.1 in May from 6.6 in April, with a positive reading indicating an increase in regional manufacturing activity. Economists had expected the index to show a more modest increase to a reading of 10.0.
A separate report from the Commerce Department showed that retail sales edged up by 0.1 percent in April following a revised 0.7 percent increase in March. Economists had expected sales to increase by 0.1 percent compared to the 0.8 percent growth originally reported for the previous month.
Core sales, which exclude gas, autos, and building materials, rose by 0.4 percent in April, exceeding estimates for a 0.3 percent increase.
While most of the major sectors are showing only modest moves, considerable weakness has emerged among housing stocks, dragging the Philadelphia Housing Sector Index down by 1 percent.
Oil service and airline stocks are also seeing moderate weakness, while some strength is visible among railroad and networking stocks.
In overseas trading, stock markets across the Asia-Pacific region turned in another mixed performance on Tuesday. Japan's Nikkei 225 Index fell by 0.8 percent on the day, while Hong Kong's Hang Seng Index advanced by 0.8 percent.
Meanwhile, the major European markets have moved to the downside on the heels of the news out of Greece. The German DAX Index is down by 0.9 percent, while the U.K.'s FTSE 100 Index and the French CAC 40 Index are down by 0.3 percent and 0.2 percent, respectively.
In the bond market, treasuries are showing a lack of direction after ending the previous session notably higher. The yield on the benchmark ten-year note, which moves opposite of its price, is down by less than a basis point at 1.784 percent.
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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.