Wall Street remains stuck in negative territory during early afternoon trading on Monday. Traders are continuing to consider disappointing quarterly results from Walgreen's (WAG) and Toyota (TM) slashing its 2009 fiscal year earnings outlook.
A majority of the major sectors are on the downside, with semiconductor and resource stocks posting some of the sharpest declines. Meanwhile, utility stocks remain above the unchanged line.
Going into mid-afternoon trading, the major averages continue to linger in the red. The Dow is currently down 52.33 at 8,526.78, while the Nasdaq is down 31.97 at 1,532.35 and the S&P 500 is down 13.48 at 874.40.
For comments and feedback contact: editorial@rttnews.com
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.