Stocks have moved mostly higher during trading on Friday, adding to the modest gains posted in the previous session. The major averages have all moved to the upside, with the Dow reaching a new record intraday high.
Currently, the major averages are off their highs of the session but still in positive territory. The Dow is up 283.82 points or 0.6 percent at 50,569.48, the Nasdaq is up 120.54 points or 0.5 percent at 26,413.63 and the S&P 500 is up 33.74 points or 0.5 percent at 7,479.46.
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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.