New York, June 11, 2026, 11:02 EDT
- Dow Jones Industrial Average is up in late Thursday morning trading. The index sits at 50,203.87, up 285.09 points, or 0.57%, as of 10:51:25 ET, according to Investing.com.
- Wall Street bounced after a 1.9% drop in the Dow on Wednesday, as traders tried to shake off tech losses and worries over the Middle East.
- U.S. producer prices climbed 1.1% in May and jumped 6.5% over the year, the largest year-over-year increase in the PPI since November 2022, keeping the rally in check as traders eyed fresh inflation data.
Dow Jones Industrial Average ticked up Thursday, with traders stepping in to buy after this week’s steep drop. Gains looked shaky, though, as wholesale inflation came in hot and energy prices plus Fed rate worries hung over the market.
The blue-chip index traded at 50,203.87, rising 285.09 points, or 0.57%, with real-time figures from Investing.com at 10:51:25 ET. The Dow started the session at 49,972.07 and moved between 49,972.07 and 50,399.98.
Stocks bounced back a bit from Wednesday’s sharp selloff. On June 10, the Dow lost 1.9%, S&P 500 was off 1.6% and Nasdaq fell 2% after techs dropped again and concerns about U.S.-Iran relations weighed, according to Reuters.
AI and chip stocks led the gains early Thursday. Intel jumped 10%, Nvidia added 1.3%, and Micron Technology was up 2.4%. The Philadelphia Semiconductor Index gained 4.5%, Reuters said. Oracle shares fell 12.5% after its forecast for fiscal 2027 capital spending topped Wall Street targets.
Dow up on strong moves from some of its biggest names. MarketWatch said Amgen and Caterpillar added roughly 138 points to the Dow’s morning jump. Verizon, Honeywell and Sherwin-Williams also traded higher and boosted the index.
Phil Blancato, chief market strategist at Osaic Wealth, told Reuters the latest move pointed to “a market that may have been grossly oversold over the past few days.” Geopolitical risk is still on the radar, he said. Reuters
Inflation stats kept gains muted. The Bureau of Labor Statistics reported the Producer Price Index for final demand climbed 1.1% in May, up 6.5% over the last 12 months. That’s the biggest jump since November 2022. Almost 80% of the monthly increase was from final demand goods, as energy prices rose 10.7% and gasoline surged 23.4%.
Wednesday’s CPI data showed prices up 0.5% in May and 4.2% over the past year. Energy drove more than 60% of the increase for the month. Gasoline jumped 7.0% for May and 40.5% in the past 12 months, according to the Bureau of Labor Statistics.
Labor numbers gave little relief for the Fed’s outlook. According to Reuters, initial jobless claims were up 4,000 to 229,000 for the week ending June 6. Continuing claims moved to 1.795 million for the week ending May 30.
Treasury yields slipped as inflation concerns stuck around. The Associated Press said the 10-year Treasury yield moved down to 4.52%, off from 4.55% late Wednesday. Brent crude dropped 1.1% to $92.08 a barrel, with U.S. crude off 0.6% at $89.52.
Dow moves are driven by the 30 big U.S. stocks in the index, not by one company. On Thursday, AI stocks bounced, key Dow names gained, and a new surprise in inflation data kept the Fed in focus for next week. Company results, economic signals and global developments all played a part.
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