After initially showing a lack of direction, stocks have moved to the downside over the course of morning trading on Thursday. The major averages have all slid into negative territory, giving back ground after yesterday's strong gains.
In recent trading, the major averages have fallen to new lows for the session. The Dow is down 148.10 points or 0.5 percent at 32,664.40, the Nasdaq is down 62.79 points or 0.5 percent at 12,605.36 and the S&P 500 is down 18.42 points or 0.4 percent at 4,136.75.
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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.