With traders shrugging off disappointing guidance from Amazon (AMZN), stocks have moved sharply higher during trading on Friday. The major averages have all shown strong moves to the upside following the mixed performance seen in the previous session.
In recent trading, the major averages have reached new highs for the session. The Dow is up 565.08 points or 1.8 percent at 32,598.36, the Nasdaq is up 172.48 points or 1.6 percent at 10,965.16 and the S&P 500 is up 55.74 points or 1.5 percent at 3,863.04.
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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.