Stocks fluctuated over the course of the trading session on Wednesday before ending the day mostly lower. The major averages all moved to the downside, with the Nasdaq and the S&P 500 falling to their lowest closing levels in a month.
The major averages came under pressure going into the close, finishing the session firmly in the red. The tech-heavy Nasdaq slumped 162.31 points or 1.2 percent to 13,722.02, the S&P 500 slid 31.67 points or 0.7 percent to 4,467.71 and the Dow fell 191.13 points or 0.5 percent at 35,123.36.
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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.