Stocks showed a strong move to the upside during trading on Wednesday, more than offsetting the pullback seen over the two previous sessions. With the upward move, the Nasdaq and the S&P 500 reached new record closing highs.
The Nasdaq and S&P 500 saw further upside going into the close, ending the day just off their highs of the session. The Nasdaq surged 397.60 points or 1.6 percent to 24,657.57 and the S&P 500 jumped 73.89 points or 1.1 percent to 7,137.90.
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Business News
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.