After showing a lack of direction early in the session, stocks have moved mostly lower over the course of the trading day on Wednesday. The major averages have all moved to the downside, with the Nasdaq and the S&P 500 adding to the losses posted in the previous session.
Currently, the major averages are off their worst levels of the day but still firmly negative. The Dow is down 482.34 points or 1 percent at 50,389.77, the Nasdaq is down 252.17 points or 1 percent at 25,426.66 and the S&P 500 is down 49.89 points or 0.7 percent at 7,336.76.
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Market Analysis
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.