After closing higher on Wednesday following the Federal Reserve's interest rate decision, the major U.S. stock indexes have moved in starkly opposite directions during trading on Thursday.
While the Dow has surged to a new record intraday high, the tech-heavy Nasdaq has shown a significant move back to the downside.
Currently, the Dow is up 471.06 points or 1.0 percent at 48,528.81, but the S&P 500 is down 20.25 points or 0.3 percent at 6,866.43 and the Nasdaq is down 224.54 points or 1.0 percent at 23,429.61.
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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.