Following the weakness seen in the previous session, stocks have shown a strong move back to the upside during trading on Wednesday. The major averages have all climbed firmly into positive territory, with the tech-heavy Nasdaq leading the way higher.
Currently, the major averages are just off their highs of the session. The Nasdaq is up 297.39 points or 1.2 percent at 26,168.10, the S&P 500 is up 58.36 points or 0.8 percent at 7,411.97 and the Dow is up 373.25 points or 0.8 percent at 49,737.13.
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Business News
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.