Stocks moved sharply lower at the start of trading on Thursday, extending the sell-off seen over the four previous sessions. With the steep drop, the Dow hit an eleven-month intraday low and the Nasdaq tumbled to its lowest intraday level in almost a year.
The major averages have regained some ground since then, with the Nasdaq showing a notable recovery attempt, but currently remain firmly negative.
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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.