Stocks have moved sharply lower in morning trading on Thursday, giving back ground following the rally seen in the previous session. The major averages have all shown significant moves to the downside, with the tech-heavy Nasdaq leading the pullback.
Currently, the major averages are just off their lows of the session. The Nasdaq is down 257.22 points or 2.4 percent at 10,452.15, the S&P 500 is down 65.66 points or 1.7 percent at 3,812.78 and the Dow is down 451.33 points or 1.4 percent at 32,925.15.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.