After showing a lack of direction early in the session, stocks have moved mostly lower over the course of the trading day on Friday. The major averages have all slid firmly into negative territory, extending the steep drop seen in the previous session.
The major averages have seen further downside in recent trading, hitting new lows for the session. The Dow is down 260.28 points or 0.8 percent at 34,051.75, the Nasdaq is down 204.90 points or 1.5 percent at 13,511.82 and the S&P 500 is down 41.65 points or 1 percent at 4,338.61.
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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.