Following the strong upward move seen last week, stocks have shown a lack of direction over the course of trading session on Monday. The major averages have spent the day bouncing back and forth across the unchanged line.
Currently, the major averages are posting modest gains. The S&P 500 is up 18.44 points or 0.3 percent at 7,417.37, the Nasdaq is up 37.62 points or 0.1 percent at 26,284.69 and the Dow is up 39.44 points or 0.1 percent at 49,648.60.
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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.