After an early move to the downside, stocks have shown a notable turnaround over the course of morning trading on Friday. The major averages have climbed well off their lows of the session and into positive territory.
In recent trading, the major averages have reached new highs for the session. The Dow is up 118.82 points or 0.4 percent at 33,146.31, the Nasdaq is up 35.28 points or 0.3 percent at 10,511.40 and the S&P 500 is up 19.69 points or 0.5 percent at 3,842.08.
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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.