After moving sharply lower early in the session, stocks continue to see significant weakness in afternoon trading on Thursday. With the steep drop on the day, the major averages are extending the downward trend seen over the past several sessions.
Currently, the major averages are off their worst levels of the day but still firmly negative. The Dow is down 463.20 points or 1.5 percent at 30,309.59, the Nasdaq is down 141.81 points or 1.3 percent at 11,105.78 and the S&P 500 is down 55.76 points or 1.5 percent at 3,746.02.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.