Following the pullback seen in the previous session, stocks showed a lack of direction over the course of the trading day on Wednesday. The Nasdaq and the S&P 500 spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed.
While the tech-heavy Nasdaq crept up 9.44 points or less than a tenth of a percent to 24,673.24, the S&P 500 edged down 2.85 points or less than a tenth of a percent to 7,135.95.
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Market Analysis
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.