After an early move to the upside, stocks gave back ground over the course of the trading session on Friday but managed to close modestly higher. The uptick on the day came on the heels of the downward trend seen over the past few sessions.
The major averages edged higher going into the close of trading. The Dow rose 75.86 points or 0.2 percent to 34,576.59, the Nasdaq inched up 12.69 points or 0.1 percent to 13,761.53 and the S&P 500 crept up 6.35 points or 0.1 percent to 4,457.49.
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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.