Stocks moved mostly higher over the course of the trading day on Tuesday, more than offsetting the weakness seen on Monday. The major averages climbed firmly into positive territory after showing a lack of direction early in the session.
The major averages saw further upside going into the close, reaching new highs for the session. The Dow jumped 371.65 points or 1.1 percent to 35,462.78, the Nasdaq surged 178.79 points or 1.3 percent to 14,194.46 and the S&P 500 advanced 37.67 points or 0.8 percent to 4,521.54.
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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.