Stocks have moved sharply lower in morning trading on Friday, more than offsetting the modestly higher close seen in the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq leading the pullback.
In recent trading, the major averages have fallen to new lows for the session. The Nasdaq is down 222.12 points or 1.7 percent at 12,743.23, the S&P 500 is down 47.88 points or 1.1 percent at 4,235.86 and the Dow is down 271.06 points or 0.8 percent at 33,727.98.
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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.