Stocks have moved sharply lower during trading on Wednesday, giving back ground following the significant rebound seen in the previous sessions. The major averages have all shown significant moves back to the downside.
Currently, the major averages are off their lows of the session but still firmly negative. The Dow is down 460.81 points or 1.4 percent at 31,694.59, the Nasdaq is down 103.96 points or 0.9 percent at 11,324.19 and the S&P 500 is down 49.65 points or 1.3 percent at 3,869.64.
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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.