After moving mostly lower early in the session, stocks have shown a substantial turnaround over the course of the trading day on Friday. The major averages have climbed well off their early lows and firmly into positive territory.
The major averages have moved roughly sideways in recent trading, holding on to gains. The Nasdaq is up 160.22 points or 1.2 percent at 13,380.06, the S&P 500 is up 38.50 points or 0.9 percent at 4,296.69 and the Dow is up 242.80 points or 0.7 percent at 33,362.37.
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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.