After moving sharply higher over the course of the previous session, stocks have shown a lack of direction over the course of the trading day on Friday. The major averages have spent the day bouncing back and forth across the unchanged line.
Currently, the major averages are turning in a mixed performance on the day. While the Dow is down 10.43 points or less than a tenth of a percent at 33,938.98, the S&P 500 is up 0.95 points or less than a tenth of a percent at 4,061.38 and the Nasdaq is up 38.77 points or 0.3 percent at 11,551.19.
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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.