After moving to the upside early in the session, stocks have given back some ground over the course of the trading day on Tuesday. The major averages have pulled back well off their highs of the session, with the Nasdaq and the S&P 500 sliding into negative territory.
Currently, the major averages are turning in a mixed performance. While the Dow is up 25.63 points or 0.1 percent at 31,484.03, the Nasdaq is down 51.84 points or 0.4 percent at 14,043.64 and the S&P 500 is down 3.59 points or 0.1 percent at 3,931.24. The early strength on Wall Street largely reflected recent upward momentum, which has propelled the major averages to new record highs despite a lack of major catalysts.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.