Stocks have moved sharply lower during trading on Friday, extending the significant downturn seen over the course of the previous session. The major averages have all shown notable moves to the downside, with the Nasdaq and the S&P 500 pulling back well off yesterday's record intraday highs.
Currently, the major averages are off their worst levels but still posting steep losses. The Nasdaq is down 435.64 points or 2.1 percent at 20,686.80, the S&P 500 is down 98.14 points or 1.6 percent at 6,241.25 and the Dow is down 570.85 points or 1.3 percent at 43,560.13.
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Business News
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.