After coming under pressure late in the previous session, stocks showed a significant move back to the upside in early trading on Thursday and continued to turn in a strong performance throughout the day.
The tech-heavy Nasdaq led the way higher, surging 496.28 points or 1.9 percent to 26,517.93. The S&P 500 also jumped 80.48 points or 1.1 percent to 7,500.58, while the narrower Dow posted a much more modest gain, inching up 72.15 points or 0.1 percent to 51,564.70.
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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.