After moving modestly higher early in the session, stocks have come under pressure over the course of the trading session on Friday. The major averages have all moved to the downside, adding to the losses posted in the previous session.
In recent trading, the major averages have fallen to new lows for the session. The Nasdaq is down 431.12 points or 1.9 percent at 22,593.50, the S&P 500 is down 84.10 points or 1.3 percent at 6,651.01 and the Dow is down 364.63 points or 0.8 percent at 45,993.79.
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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.