The major U.S. stock indexes have moved in starkly opposite directions during trading on Thursday. While the Dow has moved notably higher, reaching its highest levels in well over a year, the tech-heavy Nasdaq has slid firmly into negative territory.
Currently, the Dow is just off its highs of the session, up 272.58 points or 0.8 percent at 35,703.00. Meanwhile, the Nasdaq is down 75.62 points or 0.5 percent at 14,182.87 and the S&P 500 is down 2.82 points or 0.1 percent at 4,547.76.
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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.