Following the weakness seen over the two previous sessions, stocks have shown a strong move back to the upside during trading on Wednesday. The tech-heavy Nasdaq has led the way higher, more than offsetting the two-day pullback to reach a new record intraday high.
Currently, the major averages are off their highs of the session but still firmly positive. The Nasdaq is up 272.17 points or 1.1 percent at 24,532.14, the S&P 500 is up 56.42 points or 0.8 percent at 7,120.43 and the Dow is up 360.19 points or 0.7 percent at 49,509.57.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.