Reflecting a mixed reaction to the latest batch of earnings news, stocks are showing a lack of direction in morning trading on Wednesday. The major averages have been bouncing back and forth across the unchanged line.
Currently, the major averages are turning in a mixed performance. While the Dow is down 20.39 points or 0.1 percent at 35,736.49, the Nasdaq is up 58.62 points or 0.4 percent at 15,294.33 and the S&P 500 is up 2.34 points or 0.1 percent at 4,577.13.
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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.