Stocks moved mostly higher early in the session on Wednesday but gave back ground over the course of the trading day. The S&P 500 and the Nasdaq pulled back well off their best levels but still managed to end the day at new record closing highs.
The S&P 500 rose 19.43 points or 0.3 percent to 6,532.04 and the tech-heavy Nasdaq inched up 6.57 points or less than a tenth of a percent to 21,886.06.
The narrower Dow, on the other hand, slid 220.42 points or 0.5 percent to 45,490.92, as Apple (AAPL) slumped following the launch of new iPhones, Apple Watches and AirPods on Tuesday. Steep losses by Salesforce (CRM) and Amazon (AMZN) also weighed on the day blue chip index.
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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.