After ending Tuesday's session modestly lower, stocks showed a more substantial move to the downside during trading on Wednesday. The tech-heavy Nasdaq led the sell-off, while the Dow pulled back off its best closing level in well over a year.
The major averages climbed off their worst levels going into the close but remained sharply lower. The Nasdaq plunged 310.47 points or 2.2 percent to 13,973.45, the S&P 500 tumbled 63.34 points or 1.4 percent to 4,513.39 and the Dow slumped 348.16 points or 1.0 percent to 35,282.52.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.