U.S. stocks came off the session's lows on Wednesday, but still ended on a weak note, with bank stocks feeling the brunt of selling pressure.The major averages all recovered well from the day's lows, but the Nasdaq managed to close with a small gain.The Dow ended down 280.83 points or 0.87 percent at 31,874.57, nearly 450 points off the session's low of 31,429.82. The S&P 500, which fell to 3,838....
For comments and feedback contact: editorial@rttnews.com
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.