U.S. stocks closed higher on Thursday, after what turned out to be a somewhat lackluster session.
Data showing an acceleration in producer prices and a drop in jobless claims suggested the economy is well and truly on the recovery track.
Among the major averages, the Dow and S&P 500 scaled new record highs. The Dow, which rose to 35,510.77, settled at 35,499.85, gaining 14.88 points or 0.04 percent. The S&P 500 ended up by 13.13 points or 0.3 percent at 4,460.83, slightly off a new high of 4,461.77.
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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.