After moving to the upside at the start of trading on Friday, stocks have given back ground over the course of the morning. The major averages have pulled back well off their initial highs, with the Dow and the S&P 500 sliding into negative territory.
Currently, the major averages are turning in a mixed performance. While the Nasdaq is up 29.42 points or 0.3 percent at 10,617.23, the Dow is down 171.99 points or 0.7 percent at 26,141.66 and the S&P 500 is down 11.59 points or 0.4 percent at 3,234.63.
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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.