After showing a lack of direction earlier in the session, stocks showed a substantial move to the upside in afternoon trading on Thursday. The major averages all moved sharply higher, rebounding from yesterday's weakness.
The major averages pulled back off their highs going into the end of the day but still posted strong gains. The Nasdaq surged 640.16 points or 2.5 percent to 25,809.66, the Dow shot up 929.97 points or 1.9 percent to 50,848.75 and the S&P 500 jumped 127.31 points or 1.8 percent to 7,394.30.
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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.