Stocks have moved sharply higher during trading on Thursday, largely offsetting the weakness seen late in the previous session. The major averages have all moved back to the upside, with the tech-heavy Nasdaq leading the rebound.
Currently, the major averages are off their highs of the session but still firmly positive. The Nasdaq is up 364.08 points or 1.4 percent at 26,385.74, the S&P 500 is up 74.86 points or 1 percent at 7,494.96 and the Dow is up 238.95 points or 0.5 percent at 51,731.50.
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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.