Following the downturn seen over the course of the previous session, stocks are likely to see continued weakness in early trading on Friday. The major index futures are currently pointing to a sharply lower open for the markets, with the S&P 500 down by 1.1 percent.
Concerns about the economic impact of President Donald Trump's tariffs are likely to weigh on Wall Street, as the White House announced new tariff rates on dozens of countries.
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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.