After moving sharply lower over the two previous sessions, stocks have shown another significant move to the downside in morning trading on Friday. With the extended sell-off, the major averages have fallen to their worst intraday levels in a month.
Currently, the major averages are just off their lows of the session. The Dow is down 388.64 points or 1.2 percent at 32,813.58, the Nasdaq is down 121.34 points or 1.1 percent at 10,689.19 and the S&P 500 is down 52.09 points or 1.3 percent at 3,843.66.
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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.