Following the sharp pullback seen Thursday afternoon, stocks showed a substantial move back to the upside during trading on Friday. The Nasdaq surged to a nearly two-month closing high, while the Dow and the S&P 500 reached their best closing levels in well over a month.
The major averages saw further upside going into the close, ending the session near their best levels of the day. The Nasdaq soared 276.66 points or 2.1 percent to 13,798.11, the S&P 500 spiked 67.89 points or 1.6 percent to 4,415.24 and the Dow jumped 391.16 points or 1.2 percent to 34,283.10.
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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.