Stocks have moved mostly lower in morning trading on Friday, extending the sell-off seen over the course of the previous session. With the continued decrease on the day, the tech-heavy Nasdaq hit its lowest intraday level since November 2020.
The major averages have climbed off their worst levels of the day but currently remain in negative territory. The Dow is down 185.08 points or 0.6 percent at 32,812.89, the Nasdaq is down 95.89 points or 0.8 percent at 12,221.80 and the S&P 500 is down 25.76 points or 0.6 percent at 4,121.11.
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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.