After closing sharply higher for three straight sessions, the major U.S. stock indexes went on a roller coaster ride over the course of the trading day on Wednesday.The tech-heavy Nasdaq showed wild swings after an early sell-off before eventually ending the session down 228.12 points or 2.0 percent to 10,970.99.The S&P 500 also slid 28.51 points or 0.7 percent to 3,830.60, while the narrower Dow ...
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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.