Following the lackluster performance seen in the previous session, stocks have moved sharply lower during trading on Thursday. The major averages have all moved to the downside, with the tech-heavy Nasdaq showing a particularly steep drop.
Currently, the major averages are just off their lows of the session. The Nasdaq is down 571.65 points or 2.4 percent at 23,285.80, the S&P 500 is down 89.67 points or 1.3 percent at 6,888.36 and the Dow is down 238.87 points or 0.5 percent at 48,776.73.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.