The major U.S. stock indexes all moved sharply lower at the start of trading on Thursday but have turned mixed over the course of the session.The tech-heavy Nasdaq has shown a substantial turnaround, climbing into positive territory after falling as much as 3.4 percent. Currently the Nasdaq is up 128.63 points or 1 percent at 13,166.11.Meanwhile, the Dow and the S&P 500 have climbed off their wors...
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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.