U.S. stocks closed lower on Monday with those from the technology sector suffering sharp losses.
Worries about tighter monetary policies and the impact of higher rates on economic growth weighed on the market.
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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.