After showing a strong upward move in early trading on Monday, stocks have continued to perform well over the course of the morning. While the major averages have pulled back off their best levels of the day, they remain firmly in positive territory.
The strength in the markets is partly due to some weakness in the value of the U.S. dollar, with stocks recently moving in the opposite direction of the greenback. A report showing stronger than expected existing home sales has also generated some positive sentiment.
Resource stocks are turning in some of the market's best performances, benefiting from an increase in commodities prices. With the price of gold reaching a new record high, gold stocks are posting particularly strong gains.
Significant strength is also visible among health insurance stocks, which have benefited from some positive analyst comments. Banking, airline, and housing stocks are also posting notable gains in late morning trading.
The major averages have moved further off their highs for the session in recent trading, but they are holding onto substantial gains. The Dow is currently up 146.16 at 10,464.32, the Nasdaq is up 33.41 at 2,179.45 and the S&P 500 is up 17.55 at 1,108.93.
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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.