Stocks have shown a lack of direction over the course of the trading session on Monday, with the major averages swinging back and forth across the unchanged line following the steep losses posted last week.
The major averages are currently turning in a mixed performance. While the tech-heavy Nasdaq is up 23.16 points or 0.2 percent at 10,891.08, the S&P 500 is down 14.66 points or 0.4 percent at 3,678.57 and the Dow is down 182.94 points or 0.6 percent at 29,407.47.
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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.