Stocks have moved mostly lower during trading on Thursday, giving back ground following the rally seen in the previous session. The major averages have all moved to the downside, although selling pressure has remained somewhat subdued.
Currently, the major averages are off their lows of the session but still in the red. The Nasdaq is down 132.08 points or 0.5 percent at 26,138.28, the S&P 500 is down 26.38 points or 0.4 percent at 7,406.59 and the Dow is down 71.40 points or 0.1 percent at 49,937.95.
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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.