After coming under pressure early in the session, stocks remain mostly lower in afternoon trading on Tuesday. With the drop on the day, the major averages are giving back ground after moving higher over the two previous sessions.
Currently, the major averages are off their lows of the session but still in negative territory. The tech-heavy Nasdaq is underperforming its counterparts, tumbling 230.21 points or 1.6 percent to 14,302.34.
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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.