Stocks saw typically post-Federal Reserve decision volatility in afternoon trading on Wednesday before ending the session sharply lower. With the steep drop late in the day, the major averages finished the session at their lowest closing levels in over a year.
The major averages climbed off their lows of the session going into the close but remained firmly negative. The Dow tumbled 351.98 points or 1.5 percent to 23,323.66, the Nasdaq plummeted 147.08 points or 2.2 percent to 6,636.83 and the S&P 500 slumped 39.20 points or 1.5 percent to 2,506.96.
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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.