After an initial uptick, stocks have moved sharply lower over the course of morning trading on Tuesday. The major averages have slid firmly into negative territory, extending the notable downward move seen over the two previous sessions.
Currently, the major averages are just off their highs of the session. The Dow is down 355.97 points or 1.1 percent at 31,743.02, the Nasdaq is down 172.16 points or 1.4 percent at 11,845.51 and the S&P 500 is down 53.41 points or 1.3 percent at 3,977.20.
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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.