After moving mostly higher early in the session, stocks have seen further upside over the course of the trading day on Friday. With the upward move, the major averages are extending the advance seen during the previous session.
In recent trading, the major averages have reached new highs for the session. The Dow is up 291.68 points or 0.9 percent at 33,295.25, the Nasdaq is up 191.19 points or 1.7 percent at 11,654.18 and the S&P 500 is up 53.14 points or 1.3 percent at 4,034.49.
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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.