Stocks moved mostly higher in early trading on Friday but quickly gave back ground and showed a lack of direction over the remainder of the session. The major averages pulled back off their early highs and spent much of the day lingering near the unchanged line.
The Dow managed to spend most of the day in positive territory before closing up 115.80 points or 0.3 percent at 34,837.71. The S&P 500 also rose 8.11 points or 0.2 percent to 4,515.77, while the Nasdaq edged down 3.15 points or less than a tenth of a percent to 14,031.81, snapping a five-day winning streak.
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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.