Following the mixed performance seen in the previous session, the major U.S. stock indexes all moved sharply lower during trading on Thursday. The tech-heavy Nasdaq led the way lower, tumbling to its lowest closing level in over two months.
The major averages ended the day off their worst levels of the session but still firmly negative. The Nasdaq plunged 363.99 points or 1.6 percent to 22,540.59, the S&P 500 tumbled 84.32 points or 1.2 percent to 6,798.40 and the Dow slumped 592.58 points or 1.2 percent to 48,908.72.
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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.