U.S. stocks fell on Thursday, extending losses to a fourth straight session, as slowing growth and rising interest rates dampened investors sentiment.
The fourth straight 75-basis point interest rate hike by the Federal Reserve, and comments from the central bank Chair Jerome Powell that signaled more interest rate hikes in the coming months rendered the mood bearish.
The major averages all ended in the red despite seeing a modest recovery from early lows. The Dow ended with a loss of 146.51 points or 0.46 percent at 32,001.25
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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.