U.S. stocks are up firmly in positive territory Thursday afternoon with traders building up fresh positions amid hopes the central bank would gradually lighten its policy later this year.
Among the major averages, the Dow has pared some gains, while the S&P 500 and the Nasdaq are posting new highs for the day.
The Dow is up 237.10 points or 0.76 percent at 31,274.78. The S&P 500 is up 47.25 points or 1.23 percent at 3,892.33, while the Nasdaq is up 225.03 points or 1.98 percent at 11,586.88.
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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.