Stocks have moved in opposite directions in morning trading on Friday following the release of the closely watched monthly jobs report. While the Dow and the S&P 500 have reached new record intraday highs, the Nasdaq is pulling back off yesterday's record closing high.
Currently, the major averages continue to turn in a mixed performance. The Nasdaq is down 56.76 points or 0.4 percent at 14,838.35, but the Dow is up 115.16 points or 0.3 percent at 35,179.41 and the S&P 500 is up 5.26 points or 0.1 percent at 4,434.36.
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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.