Stocks have moved mostly lower over the course of the trading day on Wednesday, extending the pullback seen in the previous session. The major averages attempted to recover from an initial drop but have moved back to the downside since then.
Currently, the major averages are all in negative territory, although the tech-heavy Nasdaq is underperforming its counterparts. While the Nasdaq is down 128.09 points or 0.8 percent at 15,758.45, the Dow is down 108.89 points or 0.3 percent at 36,211.09 and the S&P 500 is down 18.92 points or 0.4 percent at 4,666.33.
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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.