Stocks are turning in a mixed performance during trading on Wednesday, with the major averages moving in starkly opposite directions. While the tech-heavy Nasdaq has climbed firmly into positive territory, the Dow has moved to the downside.
Currently, the Dow is down 274.18 points or 0.6 percent at 49,486.38, but the S&P 500 is up 9.02 points or 0.1 percent at 7,409.98 and the Nasdaq is up 164.25 points or 0.6 percent at 26,252.45.
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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.