U.S. stocks turned in a mixed performance on Friday with investors largely staying cautious amid concerns the Federal Reserve will hold interest rates higher for longer to control inflation.
Worries about slowing Chinese economy, hawkish minutes from the Federal Reserve's most recent policy meeting, and higher bond yields had pushed the market down in the previous two sessions.
Among the major averages, the Dow and the S&P 500 moved mostly along the flat line for much of the day's trading session, while the Nasdaq recovered gradually from a weak start.
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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.