Stocks turned in a lackluster performance early in the session on Thursday but came under pressure over the course of the trading day. The major averages all moved to the downside, although selling remained relatively subdued.
The major averages finished the day off their lows of the session but still in the red. The Dow slid 313.62 points or 0.6 percent to 49,596.97, the S&P 500 fell 28.01 points or 0.4 percent to 7,337.11 and the Nasdaq edged down 32.75 points or 0.1 percent to 25,806.20.
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Market Analysis
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.