Reflecting worries about escalating tensions between Russia and Ukraine, stocks moved sharply lower during trading on Tuesday. The major averages extended the steep drop seen to close out the previous week, with the Dow tumbling to an eight-month closing low.
The major averages fluctuated in the latter part of the session but closed firmly in negative territory. The Dow plunged 482.57 points or 1.4 percent to 33,596.61, the Nasdaq slumped 166.55 points or 1.2 percent to 13,381.52 and the S&P 500 slid 44.11 points or 1 percent to 4,304.76.
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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.