Stocks moved sharply higher over the course of the trading day on Wednesday, regaining ground after trending lower over the past few sessions. The major averages all showed strong moves to the upside on the day.
The major averages ended the day just off their highs of the session. The Nasdaq surged 399.65 points or 1.5 percent to 26,270.36, the Dow shot up 645.47 points or 1.3 percent to 50,009.35 and the S&P 500 jumped 79.36 points or 1.1 percent to 7,432.97.
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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.