Stocks moved sharply higher over the course of the trading day on Thursday, offsetting the pullback seen in the previous sessions. With the strong move back to the upside, the Nasdaq and the S&P 500 ended the session at their best closing levels in over a month.
The major averages all reached new highs going into the close of trading. The Dow jumped 349.33 points or 1 percent to 34,707.94, the Nasdaq surged 269.24 points or 1.9 percent to 14,191.84 and the S&P 500 shot up 63.92 points or 1.4 percent to 4,520.16.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.