Stocks moved sharply higher during trading on Thursday, extending the strong upward move seen over the course of the previous session. The tech-heavy Nasdaq posted a particularly strong gain, continuing to recover after ending Tuesday's trading at its lowest closing level since November 2020.
The major averages pulled back off their highs going into the close but continued to post strong gains. The Dow jumped 516.91 points or 1.6 percent to 32,637.19, the Nasdaq soared 305.91 points or 2.7 percent to 11,740.65 and the S&P 500 surged 79.11 points or 2 percent to 4,057.84.
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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.