Stocks have moved sharply lower in morning trading on Thursday, with the major averages all showing substantial moves to the downside after ending the previous session narrowly mixed. The S&P 500 is on track for its worst first half in over 50 years.
The major averages have climbed off their worst levels in recent trading but continue to post steep losses. The Dow is down 364.42 points or 1.2 percent at 30,664.89, the Nasdaq is down 199.76 points or 1.8 percent at 10,978.13 and the S&P 500 is down 48.34 points or 1.2 percent at 3,770.49.
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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.