Stocks moved higher at the start of trading on Friday but have given back ground over the course of the morning. The major averages have pulled back off their highs of the young session and into negative territory.
Currently, the major averages are posting modest losses. The Dow is down 135.41 points or 0.4 percent at 34,743.97, the Nasdaq is down 3.73 points or less than a tenth of a percent at 15,244.52 and the S&P 500 is down 8.62 points or 0.2 percent at 4,484.66.
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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.