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S&P 500 Nasdaq Hit Record Highs as AI Stocks Soar Despite Middle East Worries
Economy
Published on 9 May 2026
A jobs report and AI chips drove the break
U.S. markets closed higher on Friday, with the S&P 500 and Nasdaq setting fresh record highs. The rally was fueled by a sharp surge in AI-linked names, including Nvidia and memory and storage players like Micron and Sandisk. A stronger-than-expected jobs report also signaled a resilient labor market, helping investors look past rising geopolitical concerns.
- S&P 500 and Nasdaq both posted record closing highs
- AI-linked stocks powered the gains, including Nvidia and Micron
- A stronger jobs report pointed to labor market resilience
Read the full story at Republic
This summarization was done by Beige for a story published on 
Republic