After moving mostly higher early in the session, stocks have seen further upside over the course of the trading day on Wednesday. The major averages are rebounding following the pullback seen over the two previous sessions, with the tech-heavy Nasdaq reaching its best intraday level in almost three months.
Currently, the major averages are just off their highs of the session. The Nasdaq is up 311.60 points or 2.5 percent at 12,660.35, the S&P 500 is up 63.47 points or 1.6 percent at 4,154.66 and the Dow is up 424.59 points or 1.3 percent at 32,820.76.
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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.