Following the recent run to new record highs, stocks appear poised to give back ground in early trading on Thursday. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 490 points.
Concerns about the outlook for the global economy may weigh on Wall Street amid considerable weakness in the overseas markets.
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Business News
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.