After coming under pressure early in the session, stocks remain mostly lower in afternoon trading on Wednesday. While the Dow has climbed well off its worst levels and briefly turned positive, the tech-heavy Nasdaq continues to post a steep loss.
Currently, the Nasdaq is down 129.43 points or 1.0 percent at 13,537.86 and the S&P 500 is down 14.95 points or 0.3 percent at 4,373.76. The narrower Dow is down 21.36 points or 0.1 percent at 34,032.51, with strong gains by UnitedHealth (UNH) and Chevron (CVX) limiting the downside for the blue chip index.
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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.