Stocks have moved sharply lower during trading on Friday, giving back ground following the strength seen in the previous session. The major averages have all shown notable moves to the downside on the day.Currently, the Dow is down 495.24 points or 1 percent at 49,568.22, the Nasdaq is down 316.72 points or 1.2 percent at 26,318.50 and the S&P 500 is down 71.77 points or 1 percent at 7,429.47.The ...
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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.