After showing a lack of direction early in the session, stocks continue to turn in a lackluster performance in afternoon trading on Friday. The major averages have spent the day bouncing back and forth across the unchanged line.
Currently, the major averages are posting modest losses. The Dow is down 38.69 points or 0.1 percent at 33,747.93, the Nasdaq is down 9.16 points or 0.1 percent at 12,050.40 and the S&P 500 is down 3.95 points or 0.1 percent at 4,125.84.
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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.