After coming under pressure early in the session, stocks continue to see notable weakness in afternoon trading on Friday. With the pullback on the day, the major averages are partly offsetting the recovery rally seen in the previous session.
In recent trading, the major averages have fallen to new lows for the session. The Dow is down 280.71 points or 0.8 percent at 32,940.09, the Nasdaq is down 115.39 points or 1.1 percent at 10,362.70 and the S&P 500 is down 38.38 points or 1.0 percent at 3,810.90.
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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.