Stocks showed a lack of direction over the course of the trading session on Friday, with the major averages bouncing back and forth across the unchanged line after failing to sustain an initial move to the upside.
The major averages eventually ended the day narrowly mixed. While the Nasdaq inched up 10.01 points or 0.1 percent to a new record closing high of 20,895.66, the S&P 500 edged down 0.57 points or less than a tenth of a percent to 6,296.79 and the Dow fell 142.30 points or 0.3 percent to 44,342.19.
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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.