Following the strong upward move seen last week, stocks may give back ground in early trading on Monday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 277 points.
Profit taking may contribute to initial weakness on Wall Street after the major averages climbed to new record closing highs last Friday.
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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.