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Nasdaq, S&P 500 Reach New Record Highs Following Encouraging Inflation Data

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
wallstreet oct24 21jun23 lt

Stocks have moved mostly higher during trading on Wednesday, extending the upward move seen over the course of the previous session. The Nasdaq and the S&P 500 have climbed to new record intraday highs, although the narrower Dow has bucked the uptrend.

Currently, the Nasdaq and the S&P 500 are off their highs of the session but still firmly in positive territory. The Nasdaq is up 103.56 points or 0.5 percent at 21,983.04 and the S&P 500 is up 28.31 points or 0.4 percent at 6,540.92.

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Global Economics Weekly Update - Jun 08-12, 2026

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.