After moving notably higher for three straight days, the major U.S. stock indexes have moved in starkly opposite directions in morning trading on Wednesday.
While the Dow has seen further upside, rising to its best intraday level in well over a month, the tech-heavy Nasdaq has shown a sharp pullback.
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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.