Stocks moved sharply higher over the course of the trading session on Thursday, with the major averages all showing significant moves to the upside after ending Wednesday's trading mixed. The tech-heavy Nasdaq led the advance, adding to yesterday's gain.
The major averages pulled back off their highs of the session going into the close but held on to strong gains. The Nasdaq soared 287.89 points or 2.4 percent to 12,142.24, the S&P 500 surged 79.36 points or 2.0 percent to 4,135.35 and the Dow jumped 524.29 points or 1.6 percent to 33,826.16.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.