After extending yesterday's sell-off early in the session, stocks have shown a substantial turnaround over the course of the trading day on Tuesday. The major averages have bounced well off their worst levels of the day and into positive territory.
The major averages have seen further upside in recent trading, reaching new highs for the session. The Dow is up 553.14 points or 1.7 percent at 33,370.52, the Nasdaq is up 309.61 points or 2.4 percent at 13,140.58 and the S&P 500 is up 70.00 points or 1.7 percent at 4,271.09.
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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.