With tamer than expected inflation data generating considerable buying interest, stocks showed a substantial move to the upside during trading on Tuesday. The major averages all moved sharply higher after ending Monday's trading narrowly mixed.
The major averages pulled back off their highs of the session going into the close but still posted strong gains. The Nasdaq soared 326.64 points or 2.4 percent to 14,094.38, the S&P 500 surged 84.15 points or 1.9 percent to 4,495.70 and the Dow jumped 489.83 points or 1.4 percent to 34,827.70.
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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.