Stocks showed a strong move to the upside early in the trading session on Wednesday and have continued to perform well throughout the session. Avoiding the volatility seen in most of the recent sessions, the major averages have remained firmly in positive territory.
Currently, the Dow is off its best levels of the day but still up 263.43 points or 0.7 percent at 35,726.21. The tech-heavy Nasdaq is also up 222.63 points or 1.6 percent at 14,417.08 and the S&P 500 is up 54.97 points or 1.2 percent at 4,576.51.
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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.