After turning in a strong performance last week, stocks moved mostly lower during trading on Monday. The major averages all moved to the downside, although selling pressure was somewhat subdued.
The major averages ended the day well off their worst levels but still in negative territory. The Dow fell 249.04 points or 0.5 percent to 48,461.93. the Nasdaq slid 118.75 points or 0.5 percent to 23,474.35 and the S&P 500 declined 24.20 points or 0.4 percent to 6,905.74.
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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.