Stocks have seen considerable volatility over the course of the trading day on Thursday, with the major averages showing wild swings back and forth across the unchanged line following the strong upward move seen in the previous session.
Currently, the major averages are little changed on the day. While the Nasdaq is down 17.27 points or 0.2 percent at 11,774.63, the Dow is up 4.32 points or less than a tenth of a percent at 31,585.60 and the S&P 500 is up 2.39 points or 0.1 percent at 3,982.26.
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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.