After turning lower over the course of the previous session, stocks have shown a substantial move to the downside in morning trading on Monday. With the drop, the major averages have fallen to their lowest intraday levels in almost a month.
Currently, the major averages are just off their worst levels of the day. The Dow is down 770.05 points or 2.2 percent at 33,917.80, the Nasdaq is down 225.39 points or 1.6 percent at 14,201.85 and the S&P 500 is down 80.89 points or 1.9 percent at 4,246.27.
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Business News
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.