Stocks have shown a substantial turnaround over the course of the trading session on Thursday, recovering strongly after an early sell-off. The major averages have bounced well off their early lows and firmly into positive territory.
Currently, the major averages are off their highs of the session but still posting strong gains. The Dow is up 665.32 points or 2.3 percent at 29,876.17, the Nasdaq is up 149.48 points or 1.4 percent at 10,566.58 and the S&P 500 is up 67.56 points or 1.9 percent at 3,644.59.
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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.