Stocks have moved sharply lower during trading on Wednesday, giving back ground following the significant rebound seen in the previous sessions. The major averages have all shown significant moves back to the downside.
Currently, the major averages are off their lows of the session but still firmly negative. The Dow is down 460.81 points or 1.4 percent at 31,694.59, the Nasdaq is down 103.96 points or 0.9 percent at 11,324.19 and the S&P 500 is down 49.65 points or 1.3 percent at 3,869.64.
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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.