By William Collins, consultant in stock markets – Eurasia Business News, May 8, 2026. Article no 2097

The S&P 500 and Nasdaq Composite were up about 0.7% and 1.3%, respectively. Both indexes hit new all-time intraday highs in the session. The Dow Jones Industrial Average added 54 points, or 0.1%.

Gold was trading around $4,700s, with one live price source showing $4,685.67 per ounce and another market page referencing a May 8 level above $4,713.99, so your $4,706 figure is in the same range.

A stronger-than-expected U.S. April jobs report is giving stocks a lift.

Employers added 115,000 jobs last month, the Labor Department said, better than the 55,000 that economists were expecting. The unemployment rate held steady at 4.3%.

The broader market’s rise on Friday was supported by a rise in chip stocks such as Micron Technology and Qualcomm. Micron shares were up 10%, while Qualcomm popped 9%, positioning the stock for a fourth consecutive day of gains.

Oil prices remained elevated and highly volatile, with Brent crude trading around $100–$101 per barrel and WTI hovering near $95–$96 per barrel. Prices were driven by continued tensions in the Middle East, particularly concerns over the closure of the Strait of Hormuz, despite hopes for a ceasefire between the U.S. and Iran.

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© Copyright 2026 – Eurasia Business News. Article no. 2097