Stocks showed a strong move to the upside at the start of trading on Wednesday but have given back some ground over the course of the morning. The major averages have pulled back well off their highs of the young session.
Currently, the major averages all remain in positive territory, although the Dow is up just 113.32 points or 0.3 percent at 34,411.05. The tech-heavy Nasdaq is up 200.80 points or 1.5 percent at 13,740.10 and the S&P 500 is up 38.28 points or 0.9 percent at 4,394.73.
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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.