After another rollercoaster ride early in the session, stocks moved sharply higher over the course of the trading day on Thursday. The tech-heavy Nasdaq led the rally after ending Wednesday's trading at its lowest closing level in over a year.
The major averages pulled back off their highs going into the close but held on to strong gains. The Dow jumped 614.46 points or 1.9 percent to 33,916.39, the Nasdaq spiked 382.59 points or 3.1 percent to 12,871.53 and the S&P 500 surged 103.54 points or 2.5 percent to 4,287.50.
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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.