Stocks are seeing modest weakness in morning trading on Tuesday, giving back ground after moving sharply higher over the two previous sessions. Selling pressure has remained somewhat subdued, however, limiting the downside for the major averages.
Currently, the major averages are off their lows of the session but still in negative territory. The Dow is down 82.07 points or 0.2 percent at 33,547.49, the Nasdaq is down 36.70 points or 0.3 percent at 11,327.71 and the S&P 500 is down 16.09 points or 0.4 percent at 4,003.72.
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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.