US Stock Market LIVE Updates: Dow Jones up 230 points as Fed's Powell cautions about higher long-term rates

US Stock Market LIVE: US stocks are drifting on Thursday (May 15) following a jumble of mixed reports that shed little clarity on how the US economy is managing through President Donald Trump’s trade war. The S&P 500 was 0.1% higher in midday trading after erasing a modest, earlier loss that had it on track for its first drop of the week. The Dow Jones Industrial Average was up 80 points, or 0.2%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.3% lower.

US Stock Market LIVE: US stocks are drifting on Thursday (May 15) following a jumble of mixed reports that shed little clarity on how the US economy is managing through President Donald Trump’s trade war. The S&P 500 was 0.1% higher in midday trading after erasing a modest, earlier loss that had it on track for its first drop of the week. The Dow Jones Industrial Average was up 80 points, or 0.2%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.3% lower. Treasury yields sank in the bond market following the reports, with the headliners saying shoppers spent less at US retailers last month than expected, while inflation was better at the wholesale level than economists expected. Other updates said U.S. manufacturing looks like it’s still contracting but fewer US workers are applying for unemployment benefits than expected.