Stocks have moved sharply lower over the course of the trading session on Monday after failing to sustain an initial move to the upside. The major averages have pulled back firmly into negative territory, partly offsetting the strong gains posted last year.
In recent trading, the major averages have fallen to new lows for the session. The Dow is down 644.77 points or 2.1 percent at 29,961.71, the Nasdaq is down 228.38 points or 1.8 percent at 12,659.90 and the S&P 500 is down 73.41 points or 2 percent at 3,682.66.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.