Stocks saw substantial volatility following the Federal Reserve's monetary policy announcement on Wednesday. The major averages showed wild swings back and forth across the unchanged line before eventually closing mixed.
The Nasdaq climbed 53.16 points or 0.4 percent to13,626.48 and the S&P 500 inched up 3.58 points or 0.1 percent to 4,372.59, once again reaching their best closing levels in over a year.
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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.