After failing to sustain an initial move to the upside, stocks have moved mostly lower over the course of the trading day on Wednesday. With the downturn on the day, the major averages are adding to the steep losses posted during Tuesday's session.
Currently, the major averages are off their worst levels of the day but remain firmly negative. The Dow is down 241.63 points or 0.7 percent at 33,377.25, the Nasdaq is down 70.21 points or 0.5 percent at 12,993.40 and the S&P 500 is down 25.24 points or 0.6 percent at 4,248.29.
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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.