Following the sharp pullback seen over the two previous sessions, stocks have shown a strong move back to the upside during trading on Monday. The major averages have all moved sharply higher, with the tech-heavy Nasdaq leading the charge.
Currently, the major averages are just off their highs of the session. The Nasdaq is up 311.34 points or 1.5 percent at 20,961.47, the S&P 500 is up 67.80 points or 1.1 percent at 6,305.81 and the Dow is up 391.34 points or 0.9 percent at 43,979.92.
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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.