After showing a strong move to the upside early in the session, stocks gave back ground over the course of the trading day on Friday. The major averages pulled back well off their highs of the session, with the Dow sliding into negative territory.
The major averages eventually ended the day mixed. While the Dow fell 152.87 points or 0.3 percent to 49,499.27, the S&P 500 rose 21.11 points or 0.3 percent to 7,320.12 and the Nasdaq advanced 222.13 points or 0.9 percent to 25,144.44.
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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.