After moving significantly lower over the course of the previous session, stocks are seeing further downside in morning trading on Wednesday. The major averages have slid into negative territory, with the tech-heavy Nasdaq showing a particularly steep drop.
Currently, the major averages are off their worst levels of the day but still firmly negative. While the Nasdaq is down 336.67 points or 2.4 percent at 13,867.50, the S&P 500 is down 55.99 points or 1.2 percent at 4,469.13 and the Dow is down 239.66 points or 0.7 percent at 3,401.52.
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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.