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AI Titans Jump as US Jobs Beat Sparks Rally Near Record S&P 500 Highs
Economy
Published on 8 May 2026
Jobs data beat expectations while yields eased fast
A sharp US jobs report beat expectations, jolting Wall Street and lifting the S&P 500 toward record territory. The Dow and Nasdaq surged as investors piled into AI-linked leaders, with NVIDIA topping $214 and Apple breaking above $294. Falling Treasury yields toward 4.35% eased pressure on growth stocks despite geopolitical worries and $100 oil.
- S&P 500, Dow, and Nasdaq surged on stronger-than-expected jobs data
- NVIDIA and Apple led gains as AI demand drew fresh capital
- Treasury yields eased toward 4.35%, supporting growth stocks
- Oil near $100 and Iran tensions did not derail the rally
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times