Stocks climbed well off their worst levels after an early sell-off but still ended Thursday's trading firmly in negative territory. With the drop on the day, the Nasdaq and the S&P 500 pulled back off yesterday's record closing highs.
After plunging by more than 500 points in early trading, the Dow ended the day down 259.86 points or 0.8 percent at 34,421.93. The Nasdaq slid 105.28 points or 0.7 percent to 14,559.79 and the S&P 500 slumped 37.31 points or 0.9 percent to 4,320.82.
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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.