U.S. stocks failed to hold gains and ended flat on Tuesday as investors turned cautious and largely refrained from holding positions at higher levels as they looked ahead to crucial jobs data, due later in the week.
Uncertainty about the pace of global economic recovery due to a surge in the delta variant of Covid-19 and fresh curbs on travel in several countries, including Spain, Portugal and Germany, weighed on sentiment.
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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.