Following the mixed performance seen in the previous session, stocks moved mostly higher over the course of the trading on Friday. With the upward move, the tech-heavy Nasdaq reached a new record closing high.
The major averages all finished the day firmly in positive territory. The Nasdaq jumped 207.32 points or 1.0 percent to 21,450.02, the S&P 500 advanced 49.45 points or 0.8 percent to 6,389.45 and the Dow climbed 206.97 points or 0.5 percent to 44,175.61.
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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.