Stocks have moved notably higher during trading on Wednesday, adding to the modest gains posted in the previous session. With the upward move, the major averages are further offsetting the steep losses posted last week.
Currently, the major averages are just off their highs of the session. The Nasdaq is up 295.92 points or 1.3 percent at 22,874.30, the S&P 500 is up 58.76 points or 0.9 percent at 6,901.98 and the Dow is up 290.95 points or 0.6 percent at 49,824.14.
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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.