Stocks have shown a lack of direction over the course of morning trading on Wednesday, with the major averages bouncing back and forth across the unchanged line following the downturn seen over the course of the previous session.
Currently, the major averages are turning in a mixed performance. While the Nasdaq is down 4.55 points or less than a tenth of a percent at 15,033.21, the Dow is up 47.52 points or 0.1 percent at 34,625.09 and the S&P 500 is up 7.65 points or 0.2 percent at 4,450.70.
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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.