Stocks initially extended their recent upward trend in early trading on Thursday but have given back ground over the course of the session. The major averages have pulled back well off their highs of the session.
Currently, the major averages are turning in a mixed performance. While the Nasdaq is up 20.19 points or 0.1 percent at 22,775.35, the S&P 500 is down 12.05 points or 0.2 percent at 6,699.15 and the Dow is down 153.45 points or 0.3 percent at 46,287.65.
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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.