With traders returning to their desks following the holiday season, stocks have moved mostly higher during trading on Monday. The major averages have all moved to the upside, with the Dow reaching a new record intraday high.
Currently, the major averages are just off their highs of the session. The Dow is up 645.08 points or 1.3 percent at 49,027.47, the Nasdaq is up 209.56 points or 0.9 percent at 23,445.18 and the S&P 500 is up by 50.45 points or 0.7 percent at 6,908.92.
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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.