Stocks have moved mostly higher during trading on Wednesday, extending the substantial upward move seen in the previous session. The Dow and the S&P 500 have once again set new two-month highs, while the tech-heavy Nasdaq has reached its best intraday level in well over three months.
Currently, the major averages are just off their highs of the session. The Nasdaq is up 79.39 points or 0.6 percent at 14,173.77, the S&P 500 is up 21.44 points or 0.5 percent at 4,517.14 and the Dow is up 128.18 points or 0.4 percent at 34,955.88.
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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.