With traders reacting to highly anticipated consumer price inflation data as well as the minutes of the latest Federal Reserve meeting, stocks saw substantial volatility over the course of the trading session on Wednesday.
The major showed wild swings back and forth across the unchanged line before eventually closing in negative territory. The Dow edged down 38.29 points or 0.1 percent to 33,646.50, the S&P 500 fell 16.99 points or 0.4 percent to 4,091.95 and the Nasdaq slid 102.54 points or 0.9 percent to 11,929.34.
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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.