After showing a lack of direction early in the session, stocks have moved notably higher over the course of the trading day on Thursday. The major averages have all moved to the upside, with the Nasdaq and S&P 500 on pace to end the session at new nine-month closing highs.
Currently, the major averages are hovering near their best levels of the day. The Nasdaq is up 151.74 points or 1.2 percent at 13,087.03, the S&P 500 is up 38.98 points or 0.9 percent at 4,218.81 and the Dow is up 210.21 points or 0.6 percent at 33,118.48.
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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.