After moving mostly higher early in the session, stocks have seen further upside over the course of the trading day on Thursday. With the upward move, the tech-heavy Nasdaq has reached a new record intraday high.
The major averages have given back some ground in recent trading but remain firmly positive. The Dow is up 138.74 points or 0.4 percent at 35,629.43, the Nasdaq is up 167.55 points or 1.1 percent at 15,403.39 and the S&P 500 is up 33.32 points or 0.7 percent at 4,585.00.
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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.