Stocks moved sharply lower in early trading on Friday, extending the downward move seen over the course of the previous session. With the extended decline, the major averages fell to their lowest intraday levels in two months.
The major averages have regained some ground since then but currently remain firmly negative. The Dow is down 197.56 points or 0.6 percent at 30,764.26, the Nasdaq is down 139.31 points or 1.2 percent at 11,413.05 and the S&P 500 is down 34.44 points or 0.9 percent at 3,866.91.
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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.