After coming under pressure over the course of the previous session, stocks showed a strong move back to the upside during trading on Tuesday. The Nasdaq and the S&P 500 more than offset yesterday's losses, reaching new record closing highs.
The major averages pulled back off their best levels going into the end of the day but remained firmly positive. The Nasdaq jumped 258.32 points or 1 percent to 25,326.13, the S&P 500 advanced 58.47 points or 0.8 percent to 7,259.22 and the Dow climbed 356.35 points or 0.7 percent to 49,298.25.
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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.