After showing a lack of direction early in the session, stocks continue to turn in a relatively lackluster performance in afternoon trading on Wednesday. The major averages have been bouncing back and forth across the unchanged line following the steep drop seen in the previous session.
Recently, the Nasdaq and the S&P 500 have been lingering in negative territory, while the narrower Dow is roughly flat. While the Dow is up 10.49 points or less than a tenth of a percent at 30,957.48, the Nasdaq is down 52.07 points or 0.5 percent at 11,129.47 and the S&P 500 is down 13.93 points or 0.4 percent at 3,807.62.
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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.