Following the sell-off seen during last Friday's session, stocks are likely to move back to the upside in early trading on Monday. The major index futures are currently pointing to a sharply higher open for the markets, with the S&P 500 futures surging by 1.2 percent.
Traders may look to pick up stocks at somewhat reduced levels following the steep drop seen over the course of the previous session.
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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.