Following the nosedive seen over the two previous sessions, stocks saw substantial volatility over the course of the trading day on Monday. The major averages spent the day swinging back and forth across the unchanged line before eventually closing mixed.
While the tech-heavy Nasdaq inched up 15.48 points or 0.1 percent to 15,603.26 after plummeting by more than 5 percent in early trading, the S&P 500 dipped 11.83 points or 0.2 percent to 5,062.25 and the Dow slid 349.26 points or 0.9 percent to 37,965.60.
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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.