After trending higher in recent sessions, stocks are giving back ground in morning trading on Wednesday. The major averages have all moved to the downside, with the tech-heavy Nasdaq leading the way lower.
In recent trading, the Nasdaq and the S&P 500 have fallen to new lows for the session. The Nasdaq is down 164.03 points or 1.3 percent at 12,938.52, the S&P 500 is down 33.91 points or 0.8 percent at 4,271.29 and the Dow is down 188.86 points or 0.6 percent at 33,963.15.
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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.