Stocks turned in their best performance in two years during trading on Thursday, reflecting a positive reaction to a highly anticipated report on consumer price inflation. With the strong upward move, the Dow reached its best closing level in almost three months, while the S&P 500 hit a two-month closing high.
The major averages saw further upside going into the close, ending the session at their best levels of the day. The Dow spiked 1,201.43 points or 3.7 percent to 33,715.37, the Nasdaq skyrocketed 760.97 points or 7.4 percent to 11,114.15 and the S&P 500 soared 207.80 points or 5.5 percent to 3,956.37.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.