After failing to sustain an initial move to the upside, stocks have moved mostly lower over the course of the trading day on Wednesday. With the downturn on the day, the major averages are adding to the steep losses posted during Tuesday's session.
Currently, the major averages are off their worst levels of the day but remain firmly negative. The Dow is down 241.63 points or 0.7 percent at 33,377.25, the Nasdaq is down 70.21 points or 0.5 percent at 12,993.40 and the S&P 500 is down 25.24 points or 0.6 percent at 4,248.29.
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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.