After showing a strong move to the upside in the previous session, stocks are giving back some ground during trading on Monday. The major averages have all pulled back, with the Dow showing a notable drop.
Currently, the major averages are off their lows of the session but still in negative territory. The Dow is down 248.85 points or 0.7 percent at 33,837.19, the Nasdaq is down 26.14 points or 0.2 percent at 11,558.41 and the S&P 500 is down 11.83 points or 0.3 percent at 4,064.77.
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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.