Stocks showed a notable move to the downside in morning trading on Wednesday but staged a significant recovery attempt in afternoon trading. The major averages bounced well off their lows of the session, with the S&P 500 managing to close in positive territory.
The major averages finished the day narrowly mixed. While the S&P 500 inched up 3.94 points or 0.1 percent to 4,475.01, the Dow dipped 54.57 points or 0.2 percent to 34,934.27 and the Nasdaq edged down 15.66 points or 0.1 percent to 14,124.10.
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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.