Extending the sell-off seen last week, stocks have shown another substantial move to the downside during trading on Monday. With the continued decline, the major averages have fallen to multi-month intraday lows.
The major averages have climbed off their worst levels in recent trading but continue to post steep losses. The Dow is down 553.47 points or 1.6 percent at 33,711.90, the Nasdaq is down 331.12 points or 2.4 percent at 13,437.80 and the S&P 500 is down 91.88 points or 2.1 percent at 4,306.06.
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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.