After recovering from an initial move to the downside, stocks have shown a lack of direction over the course of the trading day on Friday. The major averages bounced off their early lows and have spent much of the rest of the session lingering near the unchanged line.
Currently, the major averages are narrowly mixed. While the S&P 500 is down 2.55 points or 0.1 percent at 3,980.62, the Dow is up 22.47 points or 0.1 percent at 34,212.44 and the Nasdaq is up 7.26 points or 0.1 percent at 11,008.36.
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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.