Stocks moved sharply lower in early trading on Friday and have seen further downside over the course of the session. The major averages are extending a recent downward trend, with the Dow tumbling to its lowest intraday level in well over a year.
The major averages have climbed off their worst levels in recent trading continue to post steep losses. The Dow is down 626.93 points or 2.1 percent at 29,449.75, the Nasdaq is down 255.28 points or 2.3 percent at 10,811.53 and the S&P 500 is down 84.40 points or 2.3 percent at 3,673.59.
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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.