S&P 500 and Nasdaq reach record highs on tech rally
The S&P 500 and Nasdaq reached new peaks Friday as strong jobs data and tech gains lifted markets. Investors expect the Fed to hold rates steady through 2026.
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The S&P 500 and Nasdaq Composite rose 0.74% and 1.32% to record highs on May 8 after strong employment data. It marks the sixth consecutive week of gains for both indexes, the longest winning streak since October 2024. Resilient hiring and a 2.3% gain in NVIDIA CORP signal that AI demand outweighs energy-driven inflation risks.
