After coming under pressure early in the session, stocks have regained some ground but remain firmly negative in mid-day trading on Monday. With the drop on the day, the major averages are adding to the steep losses posted last Friday.
Currently, the major averages are stuck in the red. The Dow is down 154.76 points or 0.6 percent at 23,945.75, the Nasdaq is down 29.06 points or 0.4 percent at 6,881.60 and the S&P 500 is down 13.37 points or 0.5 percent at 2,586.58.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.