Stocks moved to the downside in early trading on Thursday but showed a significant turnaround over the course of the session. The major averages climbed well off their lows of the session and into positive territory, with the tech-heavy Nasdaq leading the rebound.
The major averages once again finished the day at new record closing highs. The Nasdaq advanced 242.74 points or 0.9 percent to 26,917.47, the S&P 500 climbed 43.27 points or 0.6 percent to 7,563.63 and the Dow inched up 24.69 points or 0.1 percent to 50,668.97.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.