Stocks showed a lack of direction in early trading on Wednesday but have moved mostly higher over the course of the session. The tech-heavy Nasdaq has shown a notable upward move, bouncing off its lowest closing level in four months.
The major averages have given back ground in recent trading, with the Dow dipping back below the unchanged line. While the Dow is down 25.63 points or 0.1 percent at 32,976.75, the S&P 500 is up 9.66 points or 0.2 percent at 4,239.11 and the Nasdaq is up 95.91 points or 0.7 percent at 13,155.38.
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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.