Following the substantial downturn seen over the course of the previous session, stocks are likely to see continued weakness in early trading on Wednesday. The major index futures are currently pointing to a sharply lower open for the markets, with the S&P 500 futures down by 2.2 percent.
Ongoing concerns about the impact of a global trade war are likely to weigh on Wall Street after President Donald Trump's new tariffs, including a 104 percent total levy on Chinese imports, took effect.
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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.