Traders shrugged off a report showing a sharp contraction in U.S. economic activity, sending stocks sharply higher during trading on Wednesday. The major averages have all surged into positive territory after ending the previous session in the red.
The Dow surged 532.31 points or 2.21 percent to 24,633.86, while the NASDAQ soared 306.98 points or 3.57 percent to 8,914.98 and the S&P 500 jumped 76.12 points or 2.66 percent to end at 2,939.51.
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Business News
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.