Following the pullback seen over the course of the previous session, stocks showed a strong move back to the upside during trading on Friday. The tech-heavy Nasdaq led the way higher and reached a new record closing high along with the S&P 500.
The Nasdaq saw further upside going into the end of the day, surging 440.88 points or 1.7 percent to 26,247.08. The S&P 500 also advanced 61.82 points or 0.8 percent to 7,398.93, while the narrower Dow posted a more modest gain, inching up 12.19 points or less than a tenth of a percent to 49,609.19.
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Market Analysis
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.