After showing a strong move to the upside in early trading, stocks have remained mostly positive throughout the trading day on Monday. The major averages continue to post notable gains in mid-afternoon trading, offsetting the losses posted last Friday.
Much of the strength on Wall Street stems from news that the Greek Parliament has approved a highly unpopular package of austerity measures amid nationwide protests.
The vote is expected to help pave the way for the debt-plagued nation to receive a new 130 billion euro bailout, although the ongoing protests have raised some questions about the implementation of the plan.
Health insurance stocks have shown a substantial upward move on the day, driving the Morgan Stanley Healthcare Payor Index up by 2.4 percent. With the gain, the index has risen to a record intraday high.
Biotechnology, housing, and airline stocks are also seeing considerable strength in mid-afternoon trading, moving higher along with most of the major sectors.
The major averages currently remain firmly in positive territory, near their highs for the session. The Dow is up 75.15 points or 0.6 percent at 12,876.38, the Nasdaq is up 26.24 points or 0.9 percent at 2,930.12 and the S&P 500 is up 9.48 points or 0.7 percent at 1,352.12.
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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.