Stocks moved sharply higher during trading on Wednesday, adding to the modest gains posted during Tuesday's session. With the strong upward move on the day, the major averages further offset recent weakness.
The major averages pulled back off their best levels late in the session but held on to significant gains. The Dow surged 526.74 points or 1.6 percent to 33,376.48, the Nasdaq jumped 162.26 points or 1.5 percent to 10,709.37 and the S&P 500 shot up 56.82 points or 1.5 percent to 3,878.44.
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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.