After moving mostly lower over the course of the previous session, stocks moved back to the upside during trading on Friday. The Nasdaq and S&P 500 more than offset yesterday's losses, reaching new record closing highs.
The tech-heavy Nasdaq led the way higher, jumping 398.09 points or 1.6 percent to 24,836.60, while the S&P 500 advanced 56.68 points or 0.8 percent to 7,165.08.
The narrower Dow, on the other hand, bucked the uptrend and dipped 79.61 points or 0.2 percent to 49,230.71 amid steep losses by Merck (MRK) and Verizon (VZ).
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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.