After moving mostly higher early in the session, stocks have shown a notable downturn over the course of the trading day on Thursday. The major averages have pulled back well off their highs of the session and into negative territory.
The major averages have climbed off their worst levels in recent trading but currently remain in the red. The Dow is down 159.19 points or 0.5 percent at 32,885.90, the Nasdaq is down 33.11 points or 0.3 percent at 11,473.96 and the S&P 500 is up 10.27 points or 0.3 percent at 3,980.78.
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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.