Stocks initially showed a lack of direction during trading on Thursday but have moved mostly lower over the course of the morning. With the downward move, the major averages are adding to the modest losses posted in the previous session.
The major averages have seen further downside in recent trading, hitting new lows for the session. The Dow is down 263.88 points or 0.9 percent at 30,009.99, the Nasdaq is down 95.47 points or 0.9 percent at 11,053.16 and the S&P 500 is down 34.87 points or 0.9 percent at 3,748.41.
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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.