Stocks have moved sharply lower in morning trading on Thursday, more than offsetting the rally seen in the previous session. With the sell-off on the day, the major averages have fallen to their lowest intraday levels in well over a year.
The major averages have seen further downside in recent trading, hitting new lows for the session. The Dow is down 812.81 points or 2.7 percent at 29,855.72, the Nasdaq is down 460.79 points or 4.2 percent at 10,638.37 and the S&P 500 is down 127.05 points or 3.4 percent at 3,662.94.
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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.