With technology stocks moving sharply higher on the day, the Nasdaq showed a strong move back to the upside during trading on Wednesday, reaching a new record closing high.
The S&P 500 also climbed to a new record closing high, although the narrower Dow edged slightly lower after posting a modest gain on Tuesday.
While the Dow slipped 67.36 points or 0.1 percent to 49,693.20, the S&P 500 advanced 43.29 points or 0.6 percent to 7,444.25 and the Nasdaq shot up 314.14 points or 1.2 percent to 26,402.34.
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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.