After moving to the upside early in the session, stocks have come under pressure over the course of the trading day on Wednesday. The major averages have pulled back well off their highs of the session and into negative territory.
Currently, the major averages are just off their lows of the session. The Nasdaq is down 286.80 points or 1.2 percent at 22,824.66, the S&P 500 is down 52.86 points or 0.8 percent at 6,747.40 and the Dow is down 100.22 points or 0.2 percent at 48,014.04.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.