Stocks have moved mostly higher over the course of the trading day on Thursday, with the Nasdaq and S&P 500 reaching new record intraday highs. The Dow has also moved to the upside after yesterday's dip, climbing back above 50,000.
Currently, the major averages are just off their highs of the session. The Dow is up 358.32 points or 0.7 percent at 50,051.52, the Nasdaq is up 239.62 points or 0.9 percent at 26,641.96 and the S&P 500 is up 56.60 points or 0.8 percent at 7,500.85.
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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.