With renewed concerns about the outlook for interest rates weighing on the markets, stocks moved mostly lower over the course of the trading session on Wednesday.
The major averages spent much of the session on opposite sides of the unchanged but all came under pressure late in the trading day.
The tech-heavy Nasdaq led the way lower, tumbling 209.06 points or 1.5 percent to 13,469.13, its lowest closing level in almost a month.
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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.