Stocks have moved sharply higher over the course of the trading day on Wednesday, adding to the gains posted in the previous session. With the continued advance, the Nasdaq and the S&P 500 have reached new record intraday highs.
Currently, the major averages are just off their highs of the session. The Nasdaq is up 338.17 points or 1.3 percent at 25,664.29, the S&P 500 is up 81.08 points or 1.1 percent at 7,340.30 and the Dow is up 612.54 points or 1.2 percent at 49,910.79.
For comments and feedback contact: editorial@rttnews.com
Business News
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.