After an initial move to the upside, stocks have shown a lack of direction over the course of morning trading on Friday. The major averages have pulled back off their early highs, with the Nasdaq slipping into negative territory.
Currently, the major averages are turning in a mixed performance. While the Nasdaq is down 31.46 points or 0.3 percent at 11,113.50, the Dow is up 82.00 points or 0.2 percent at 33,628.32 and the S&P 500 is up 1.65 points or less than a tenth of a percent at 3,948.21.
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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.