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U.S. Stocks Continue To Show A Lack Of Direction Ahead Of Powell Remarks

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

After ending the previous session little changed, stocks are turning in another lackluster performance during trading on Thursday. The major averages are once again bouncing back and forth across the unchanged line.

Currently, the major averages are posting modest losses. The Dow is down 96.54 points or 0.3 percent at 34,015.73, the S&P 500 is down 7.63 points or 0.2 percent at 4,375.15 and the Nasdaq is down 13.03 points or 0.1 percent at 13,637.38.

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Global Economics Weekly Update: May 11 – May 15, 2026

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.

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