Stocks have moved mostly higher over the course of the trading day on Tuesday, more than offsetting the weakness seen in the previous session. With the upward move, the tech-heavy Nasdaq has reached a new record intraday high.
Currently, the major averages are hovering near their best levels of the day. The Nasdaq is up 242.37 points or 1 percent at 25,310.17, the S&P 500 is up 58.11 points or 0.8 percent at 7,258.86 and the Dow is up 327.04 points or 0.7 percent at 49,268.94.
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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.