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How a Strong April Jobs Report Fueled Tech Surge and Nasdaq Records — Market Wrap May 8
Today's AI insights from 7horns.ai reveal a strong finish to the trading week as the Nasdaq surged 2.32% to a record 26,247, led by tech giants Tesla (+4.01%), Apple (+2.02%), and Nvidia (+1.76%). The S&P 500 climbed 0.81% to a new all-time high of 7,398, while the Dow Jones edged up a modest 0.04%. The key catalyst driving this bullish momentum was a stronger-than-expected April jobs report showing 115,000 new nonfarm payrolls, easing recession fears and affirming healthy job growth. Despite gains in tech, Microsoft (-1.36%) and Meta (-1.18%) lagged, while standout movers included Innodata…
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