After moving sharply higher early in the session, stocks continue to see significant strength in afternoon trading on Wednesday. The major averages have moved than offset yesterday's losses, with the Dow and the S&P 500 reaching three-month highs.
The major averages have moved roughly sideways in recent trading, hovering near their best levels of the day. The Dow is up 487.06 points or 1.5 percent at 33,246.47, the Nasdaq is up 324.46 points or 2.6 percent at 12,818.39 and the S&P 500 is up 80.59 points or 2 percent at 4,203.06.
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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.