Stocks have moved sharply higher in morning trading on Thursday, adding to the strong gains posted in the previous session. The major averages have all shown notable moves to the upside, reflecting another day of broad based buying interest.
Currently, the major averages are hovering firmly in positive territory. The Dow is up 450.40 points or 1.3 percent at 34,708.72, the Nasdaq is up 137.09 points or 0.9 percent at 15,033.93 and the S&P 500 is up 50.43 points or 1.2 percent at 4,446.07.
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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.