Stocks have moved mostly higher during trading on Wednesday, regaining ground following the pullback seen over the two previous sessions. The tech-heavy Nasdaq has helped lead the way higher, climbing to its best intraday level in almost three months.
Currently, the major averages are off their highs of the session but remain firmly positive. While the Nasdaq is up 191.49 points or 1.6 percent at 12,540.24, the S&P 500 is up 35.02 points or 0.9 percent at 4,126.21 and the Dow is up 208.49 points or 0.6 percent at 32,604.66.
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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.