Stocks showed a strong move to the upside early in the session on Thursday but came under pressure over the course of the trading day. The major averages pulled back well off their highs of the session and into negative territory.
The major averages climbed off their worst levels going into the end of the day but remained in the red. The Dow slid 301.07 points or 0.7 percent to 45952.24, the S&P 500 declined 41.99 points or 0.6 percent to 6,629.07 and the Nasdaq fell 107.54 points or 0.5 percent to 22,562.54.
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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.