Stocks have moved mostly lower over the course of the trading day on Tuesday, more than offsetting the modest strength seen in the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq leading the pullback.
Currently, the major averages are just off their lows of the session. The Nasdaq is down 408.87 points or 1.6 percent at 25,865.26, the S&P 500 is down 66.35 points or 0.9 percent at 7,346.49 and the Dow is down 269.02 points or 0.5 percent at 49,435.45.
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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.