Following the rally seen in the previous session, stocks moved back to the downside in early trading on Thursday before regaining ground over the course of the day.The major averages saw considerable volatility in the latter part of the session but finished in positive territory, with the Dow reaching a new record closing high.The Dow advanced 276.31 points or 0.6 percent to 50,285.66, the S&P 500...
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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.