Stocks have moved sharply lower in morning trading on Thursday, largely offsetting the upward move seen over the course of the previous session. The major averages have all shown notable moves to the downside on the day.
Currently, the major averages are off their lows of the session but still firmly negative. The Dow is down 277.44 points or 0.8 percent at 32,992.33, the Nasdaq is down 99.04 points or 1.0 percent at 10,359.72 and the S&P 500 is down 32.78 points or 0.9 percent at 3,820.19.
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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.