Stocks came under pressure over the course of morning trading on Friday and continue to see substantial weakness in the afternoon. With the downturn on the day, the major averages are partly offsetting the strong gains posted in the previous session.
The major averages have moved roughly sideways in recent trading, lingering near their worst levels of the day. The Dow is down 314.21 points or 1.1 percent at 29,724.51, the Nasdaq is down 253.62 points or 2.4 percent at 10,395.53 and the S&P 500 is down 69.33 points or 1.9 percent at 3,600.58.
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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.