US stocks today: S&P 500 and Nasdaq notch records, boosted by AI and earnings optimism

May 8, 2026

The S&P 500 and Nasdaq reached record highs, driven by AI-related stocks like Nvidia and Sandisk, alongside a resilient jobs report. Despite broad sector declines, strong first-quarter earnings, particularly from tech giants, fueled investor optimism. This surge occurred despite rising oil prices and Middle East tensions, highlighting the market’s focus on corporate performance and economic strength.

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