After showing a substantial move to the upside in early trading on Tuesday, stocks gave back ground over the course of the trading session but managed to close mostly higher.
The tech-heavy Nasdaq jumped 162.19 points or 1.5 percent to a nearly two-month closing high of 11,358.41 percent, while the S&P 500 advanced 34.48 points or 0.9 percent to 3,991.73.
Meanwhile, the narrower Dow inched up 56.22 points or 0.2 percent to 33,592.92 after surging 450 points in early trading to its best intraday level in almost three months.
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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.