Stocks have shown a lack of direction over the course of the trading day on Wednesday following the modest uptick seen in the previous session. The major averages have spent the day bouncing back and forth across the unchanged line.
Currently, the major averages are all in positive territory. The Dow is up 7.95 points or less than a tenth of a percent at 31,076.64, the Nasdaq is up 74.28 points or 0.6 percent at 13,146.72 and the S&P 500 is up 8.44 points or 0.2 percent at 3,809.63.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.