Following the lackluster performance seen in the previous session, stocks have moved sharply lower during trading on Thursday. The major averages have all moved to the downside, with the tech-heavy Nasdaq showing a particularly steep drop.
Currently, the major averages are just off their lows of the session. The Nasdaq is down 571.65 points or 2.4 percent at 23,285.80, the S&P 500 is down 89.67 points or 1.3 percent at 6,888.36 and the Dow is down 238.87 points or 0.5 percent at 48,776.73.
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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.