Stocks are likely to move to the upside in early trading on Wednesday, extending the modest rebound seen in the previous session. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 330 points.
The markets may continue to benefit from bargain hunting, as the uptick seen on Tuesday came after the major averages slumped to their lowest closing levels in over a month on Monday.
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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.