Stocks have moved sharply lower over the course of the trading day on Tuesday, more than offsetting the strength seen in the previous session. The Dow reached a new record intraday high in early trading but has since joined the Nasdaq and the S&P 500 firmly in negative territory.
Currently, the major averages are just off their lows of the session. The Nasdaq is down 453.90 points or 1.9 percent at 23,138.21, the S&P 500 is down 85.29 points or 1.2 percent at 6,891.15 and the Dow is down 397.70 points or 0.8 percent to 49,009.96.
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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.