After ending the previous sessions sharply higher, stocks have given back ground during trading on Wednesday. With the pullback on the day, the major averages are extending the roller-coaster ride seen over the first few trading days of October.
Currently, the major averages are off their worst levels of the day but still firmly negative. The Dow is down 326.36 points or 1 percent at 33,988.31, the Nasdaq is down 78.91 points or 0.6 percent at 14,354.92 and the S&P 500 is down 36.29 points or 0.8 percent at 4,309.43.
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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.