Stocks are turning in a lackluster performance in morning trading on Wednesday, as traders look ahead to the Federal Reserve's monetary policy announcement. The Dow and the Nasdaq have moved in opposite directions, while the S&P 500 is lingering near the unchanged line.
Currently, the major averages are turning in a mixed performance. While the Nasdaq is up 48.47 points or 0.3 percent at 14,121.33, the Dow is down 57.29 points or 0.2 percent at 34,242.04 and the S&P 500 is down 1.40 points or less than a tenth of a percent at 4,245.19.
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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.