After closing higher for four consecutive sessions, stocks may give back ground in early trading on Monday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 89 points.Profit taking may contribute to initial weakness on Wall Street after the recent winning streak lifted the major averages to record closing highs last Friday.The rally repre...
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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.