After moving sharply higher early in the session, stocks have seen further upside over the course of the trading day on Friday. The major averages have all shown significant moves to the upside, with the Dow surging to a two-month intraday high.
Currently, the major averages are just off their best levels of the day. The Dow is up 724.95 points or 2.3 percent at 32,758.23, the Nasdaq is up 241.06 points or 2.2 percent at 11,033.74 and the S&P 500 is up 75.80 points or 2.0 percent at 3,883.10.
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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.