Stocks showed a strong move to the upside in early trading on Thursday but gave back ground over the course of the session. The major averages showed a notable downturn after reaching their best intraday levels in three months.
The major averages eventually finished the day mixed. The tech-heavy Nasdaq jumped as much as 1.3 percent but ended the day down 74.89 points or 0.6 percent to 12,779.92. The S&P 500 also edged down 2.97 points or 0.1 percent to 4,207.27, while the narrower Dow inched up 27.16 points or 0.1 percent to 33,336.67.
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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.