Stocks have shown a lack of direction over the course of the trading day on Thursday, with the major averages bouncing back and forth across the unchanged line after closing mixed for four consecutive sessions.
Currently, the major averages are on opposite sides of the unchanged line. While the Nasdaq is up 5.24 points or less than a tenth of a percent at 14,770.38, the Dow is down 117.81 points or 0.3 percent at 35,367.16 and the S&P 500 is down 3.99 points or 0.1 percent at 4,443.71.
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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.