How major US stock indexes fared Thursday, 6/12/2025

Key Points

• U.S. stocks drifted higher with the S&P 500 rising 0.4% to 6,045.26, leaving it less than 2% below its record high.
• Treasury yields fell after wholesale inflation came in below forecasts and jobless claims were slightly worse, fueling bets on Federal Reserve rate cuts later this year.
• Oracle’s better-than-expected profit report and optimistic growth forecast provided an added boost to the market.
• Small caps lagged, with the Russell 2000 slipping 0.4%, while the Dow and Nasdaq each climbed 0.2%.

U.S. stocks drifted higher following another encouraging update on inflation.

The S&P 500 added 0.4% Thursday and is sitting less than 2% below its record. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite rose 0.2%.

Treasury yields fell again in the bond market after an update on inflation at the wholesale level came in better than expected, while a report on joblessness was slightly worse than forecast.

That raised expectations for the Federal Reserve to begin cutting interest rates later this year. Oracle helped lift the stock market following its better-than-expected profit report and forecast for upcoming growth.

On Thursday:

The S&P 500 rose 23.02 points, or 0.4%, to 6,045.26.

The Dow Jones Industrial Average rose 101.85 points, or 0.2%, to 42,967.62.

The Nasdaq composite rose 46.61 points, or 0.2%, to 19,662.48.

The Russell 2000 index of smaller companies fell 8.14 points, or 0.4%, to 2,140.09.

For the week:

The S&P 500 is up 44.90 points, or 0.7%.

The Dow is up 204.75 points, or 0.5%.

The Nasdaq is up 132.53 points, or 0.7%.

The Russell 2000 is up 7.85 points, or 0.4%.

For the year:

The S&P 500 is up 163.63 points, or 2.8%.

The Dow is up 423.40 points, or 1%.

The Nasdaq is up 351.69 points, or 1.8%.

The Russell 2000 is down 90.06 points, or 4%.