U.S. stocks are up firmly in positive territory Thursday afternoon with traders building up fresh positions amid hopes the central bank would gradually lighten its policy later this year.
Among the major averages, the Dow has pared some gains, while the S&P 500 and the Nasdaq are posting new highs for the day.
For comments and feedback contact: editorial@rttnews.com
Business News
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.