After moving sharply higher early in the session, stocks remain mostly positive in afternoon trading on Wednesday. While the Dow has pulled back well off its best levels, the Nasdaq and the S&P 500 continue to post strong gains.
Currently, the Nasdaq is up 292.29 points or 2.5 percent at 11,854.87, and the S&P 500 is up 49.98 points or 1.3 percent at 3,971.03. Meanwhile, the Dow is up 52.95 points or 0.2 percent at 31,814.49 after jumping by nearly 200 points earlier in the session.
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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.