The major U.S. averages ended mixed on Tuesday after a somewhat cautious session with investors weighing the likely impact of surging coronavirus of the Delta variant on the pace of economic recovery.
The Nasdaq closed at a fresh record high, while the Dow and the S&P 500 drifted lower. Expectations that the Federal Reserve will hold its accommodative monetary policy for a longer duration helped limit market's downside.
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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.