Stocks saw strength for much of the session on Wednesday before giving back ground in the latter part of the trading day. Despite the late-day pullback, the tech-heavy Nasdaq ended the session at a new record closing high.
The major averages finished the day on opposite sides of the unchanged line. While the Dow edged down 48.20 points or 0.1 percent to 35,312.53, the Nasdaq rose 50.15 points or 0.3 percent to 15,309.38 and the S&P 500 inched up 1.41 points or less than a tenth of a percent to 4,524.09.
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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.