Following the sharp pullback seen early in the session, stocks have seen further downside over the course of the trading day on Thursday. With the steep drop on the day, the Nasdaq and the S&P 500 have fallen to their lowest intraday levels in well over a month.
In recent trading, the major averages have once again fallen to new lows for the session. The Dow is down 721.56 points or 2.2 percent at 32,654.92, the Nasdaq is down 376.02 points or 3.5 percent at 10,333.35 and the S&P 500 is down 105.09 points or 2.7 percent at 3,773.35.
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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.