Following the strong upward move seen last week, stocks have shown a lack of direction over the course of trading session on Monday. The major averages have spent the day bouncing back and forth across the unchanged line.
Currently, the major averages are posting modest gains. The S&P 500 is up 18.44 points or 0.3 percent at 7,417.37, the Nasdaq is up 37.62 points or 0.1 percent at 26,284.69 and the Dow is up 39.44 points or 0.1 percent at 49,648.60.
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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.