Stocks have moved mostly higher in morning trading on Wednesday, with the Nasdaq and the S&P 500 reaching new record intraday highs. However, the Dow is bucking the uptrend once again after ending the previous session modestly lower.
In recent trading, the Nasdaq and the S&P 500 have reached new highs for the session. The Nasdaq is up 96.95 points or 0.9 percent at 11,563.43 and the S&P 500 is up 11.34 points or 0.3 percent at 3,454.96, while the Dow is down 26.59 points or 0.1 percent at 28,221.85.
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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.