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 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.