Stocks have moved sharply higher in morning trading on Monday, regaining ground following a dismal September. The major averages have all shown substantial moves to the upside.
Currently, the Dow is up 623.74 points or 2.2 percent at 29,349.25, the Nasdaq is up 168.47 points or 1.6 percent at 10,744.09 and the S&P 500 is up 73.36 points or 2.1 percent at 3,658.98.
The rebound on Wall Street likely reflects bargain hunting, as traders pick up stocks at reduced levels after the major averages slumped to their lowest levels since late 2020 last Friday.
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Business News
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.