The major U.S. stock averages the Dow and the S&P 500 hit fresh record highs on Friday, but the broad market remains somewhat sluggish in lackluster trade.
Data showing a significant drop in U.S. consumer sentiment in August appears to be weighing on sentiment and prompting traders to stay away on the sidelines.
With just about an hour to go for the closing bell, the market looks headed for a roughly flat close.
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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.