Stocks moved mostly lower during trading on Wednesday, extending the significant downward move seen in the previous session. The major averages all moved to the downside, with the tech-heavy Nasdaq showing another particularly steep drop.
After tumbling by 2.3 percent during trading on Tuesday, the Nasdaq plunged 315.35 points or 2.2 percent to 13,888.82. The S&P 500 also slumped 43.97 points or 1 percent to 4,481.15, while the narrower Dow posted a more modest loss, falling 144.67 points or 0.4 percent to 34,496.51.
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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.