After coming under pressure early in the session, stocks have seen further downside over the course of the trading day on Wednesday. The major averages are adding to the losses posted in the two previous sessions, with the S&P 500 falling to its lowest intraday level in a month.
In recent trading, the major averages have once again slid to new lows for the session. The Dow is down 458.74 points or 1.3 percent at 33,810.42, the Nasdaq is down 308.81 points or 2.3 percent at 13,080.62 and the S&P 500 is down 66.13 points or 1.6 percent at 4,085.97.
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Business News
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.