Stocks showed a lack of direction early in the session on Thursday and continue to turn in a lackluster performance in afternoon trading. The major averages have spent the day bouncing back and forth across the unchanged line.
Currently, the major averages are turning in a mixed performance. While the Nasdaq is up 9.37 points or 0.1 percent at 11,091.37, the S&P 500 is down 1.88 points or 0.1 percent at 3,961.63 and the Dow is down 66.50 points or 0.2 percent at 33,714.98.
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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.