After moving sharply higher early in the session, stocks showed a substantial downturn over the course of the trading day on Thursday. The volatility on the day extended the rollercoaster ride the major averages have been on throughout the week.
The tech-heavy Nasdaq jumped as much as 1.7 percent in early trading but ended the day down 189.34 points or 1.4 percent at 13,352.78, its lowest closing level in eight months.
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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.