Stocks have shown a lack of direction over the course of the trading session on Wednesday, with the major averages bouncing back and forth across the unchanged line. Despite the choppy trading, the Nasdaq and the S&P 500 reached new record intraday highs in early trading.
Currently, the major averages are posting modest gains. The Dow is up 60.89 points or 0.2 percent at 34,638.26, the Nasdaq is up 13.45 points or 0.1 percent at 14,677.09 and the S&P 500 is up 11.05 points or 0.3 percent at 4,354.59.
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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.