Stocks moved to the upside at the start of trading on Monday but quickly gave back ground early in the session. The major averages pulled back well off their early highs and spent much of the rest of the day lingering near the unchanged line.
The major averages eventually ended the day modestly lower. While the tech-heavy Nasdaq slid 137.76 points or 0.6 percent to 23,057.41, the S&P 500 dipped 10.90 points or 0.2 percent to 6,816.51 and the Dow edged down 41.49 points or 0.1 percent at 48,416.56.
For comments and feedback contact: editorial@rttnews.com
Business News
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.