Stocks have moved sharply lower in morning trading on Thursday, extending the pullback seen over the course of the previous session. With the steep drop on the day, the major averages have fallen to their lowest intraday levels in a month.
Currently, the major averages are off their lows of the session but still firmly negative. The Dow is down 616.53 points or 1.8 percent at 33,349.82, the Nasdaq is down 255.76 points or 2.3 percent at 10,915.12 and the S&P 500 is down 77.24 points or 1.9 percent at 3,918.08.
For comments and feedback contact: editorial@rttnews.com
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.