Stocks have moved mostly lower over the course of the trading day on Tuesday, more than offsetting the modest strength seen in the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq leading the pullback.
Currently, the major averages are just off their lows of the session. The Nasdaq is down 408.87 points or 1.6 percent at 25,865.26, the S&P 500 is down 66.35 points or 0.9 percent at 7,346.49 and the Dow is down 269.02 points or 0.5 percent at 49,435.45.
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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.