Stocks have moved mostly lower over the course of morning trading on Wednesday, extending the pullback seen in the previous session. While the Dow has been bouncing back and forth across the unchanged line, the broader Nasdaq and S&P 500 have slid firmly into negative territory.
Currently, the Dow is posting a modest gain, up 50.47 points or 0.2 percent at 31,441.99. Meanwhile, the Nasdaq is down 176.44 points or 1.3 percent at 13,182.35 and the S&P 500 is down 19.64 points or 0.5 percent at 3,850.65.
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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.