Stocks moved to the downside at the start of trading on Friday but have shown a notable turnaround over the course of the session. The major averages have climbed well off their lows of the session and into positive territory, with tech-heavy Nasdaq leading the charge.
Currently, the major averages are off their highs of the session but still in positive territory. The Nasdaq is up 180.70 points or 0.8 percent at 22,863.43, the S&P 500 is up 29.56 points or 0.4 percent at 6,891.45 and the Dow is up 75.60 points or 0.2 percent at 49,470.76.
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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.