After coming under pressure over the course of the previous session, stocks are likely to see further downside in early trading on Friday. The major index futures are currently pointing a sharply lower open for the markets, with the Dow futures down by 310 points.
A steep drop by shares of FedEx (FDX) is likely to weigh on the markets, with the delivery giant plunging by more than 20 percent in pre-market trading.
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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.