After an initial move to the upside, stocks have given back ground over the course of the trading session on Friday. The major averages have pulled back off their highs of the session, with the tech-heavy Nasdaq leading the way lower.
Currently, the major averages are turning in a mixed performance. While the Dow is up 64.52 points or 0.2 percent at 33,695.66, the S&P 500 is down 11.08 points or 0.3 percent at 4,338.53 and the Nasdaq is down 112.52 points or 0.8 percent at 13,461.70.
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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.