After moving sharply higher early in the session, stocks continue to see significant strength in afternoon trading on Wednesday. The major averages are adding to the modest gains posted in the previous session, further offsetting recent weakness.
The major averages have moved roughly sideways in recent trading, hovering firmly in positive territory. The Dow is up 499.16 points or 1.5 percent at 33,348.90, the Nasdaq is up 172.72 points or 1.6 percent at 10,719.83 and the S&P 500 is up 57.62 points or 1.5 percent at 3,879.24.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.