Stocks have moved sharply lower over the course of morning trading on Friday, largely offsetting the upward move seen over the two previous sessions. The major averages have all shown notable moves to the downside on the day.
Currently, the major averages are just off their lows of the session. The Dow is down 412.23 points or 1.2 percent at 32,879.55, the Nasdaq is down 235.29 points or 1.9 percent at 12,403.97 and the S&P 500 is down 62.28 points or 1.5 percent at 4,136.84.
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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.