After moving sharply higher over the course of the previous session, stocks may give back ground in early trading on Tuesday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 178 points.Profit taking may contribute to an initial pullback on Wall Street, as traders cash in on recent strength in the markets. The rally seen on Monday added t...
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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.