The S&P 500 and Nasdaq Composite both closed at record highs today, May 8, 2026. This performance extends their winning streak to a sixth consecutive week, reflecting broad market optimism.
Market gains were buoyed by a strong jobs report and positive corporate earnings. A rally in chip stocks, including Nvidia reaching new highs, significantly contributed to the tech-heavy Nasdaq's ascent. Investor sentiment was also boosted by hopes concerning Iran.
The Dow Jones Industrial Average also moved higher during the trading session. This is a developing story and will be updated as details emerge.
