After showing a lack of direction for two straight sessions, stocks moved sharply lower over the course of the trading day on Tuesday. The major averages all showed significant moves to the downside after ending Monday's trading narrowly mixed.
The major averages finished the day just off their lows of the session. The Dow slumped 344.57 points or 1.0 percent to 33,530.83, the Nasdaq plunged 238.05 points or 2.0 percent to 11,799.16 and the S&P 500 tumbled 65.41 points or 1.6 percent to 4,071.63.
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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.