Following the pullback seen over the two previous sessions, stocks have moved back to the upside during trading on Thursday. The major averages are all regaining ground, with the Dow and the S&P 500 climbing back toward their recent record highs.
Currently, the major averages are off their highs of the session but still firmly positive. The Dow is up 296.96 points or 0.6 percent at 49,446.59, the Nasdaq is up 177.33 points or 0.8 percent at 23,649.08 and the S&P 500 is up 39.70 points or 0.6 percent at 6,966.30.
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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.