US Stock Market Today: Nasdaq Hits Fresh Record High as AI Chip Rally, Strong Jobs Data & Falling Oil Prices Boost Wall Street

US markets opened higher after stronger-than-expected jobs data boosted confidence in the economy. Nasdaq surged to a record high led by AI chip stocks, while easing oil prices and hopes for reduced Middle East tensions supported investor sentiment.

By: Shubhi Kumar
Last Updated: May 8, 2026 21:24:52 IST

US Stock Market Today: US stock markets opened higher on Friday as strong jobs data, easing geopolitical tensions, and a rebound in AI chip stocks boosted investor confidence despite continued uncertainty in global energy and currency markets.

US Market Snapshot

Wall Street opened higher on Friday after stronger-than-expected U.S. jobs data boosted investor confidence in the American economy. Fresh optimism over a possible easing in Middle East tensions and a rally in AI-linked chip stocks also supported market sentiment.

Dow Jones

The Dow Jones Industrial Average opened 0.45% higher, gaining more than 200 points to trade near 49,812.81. However, the index later pared some gains and was last seen up around 0.19%.

Nasdaq

The tech-heavy Nasdaq Composite surged sharply, opening 0.7% higher before extending gains to more than 1.2%. The index climbed above 26,100, hitting a fresh record high as semiconductor and AI stocks rebounded strongly.

S&P 500

The S&P 500 opened 0.44% higher at 7,369.24 and later traded around 0.7% higher, supported by gains in technology and communication stocks.

What is Happening in the US Stock Market Today?

Investor sentiment improved after U.S. nonfarm payrolls data showed employers added 115,000 jobs in April, significantly above Bloomberg estimates of 65,000. The unemployment rate remained unchanged at 4.3%, easing fears of a sudden economic slowdown.

Markets also reacted positively to reports suggesting Iran is reviewing a U.S. peace proposal, raising hopes for reduced geopolitical tensions in the Middle East.

Nasdaq Jumps 1% to Fresh Record High on AI, Chip Rally

Chipmakers led Friday’s rally after heavy losses in the previous session.

Major semiconductor stocks rebounded strongly:

  • Micron Technology surged 10%
  • AMD jumped 6%
  • Nvidia rose 3%
  • Intel gained over 5%

The rally in AI and semiconductor stocks pushed the Nasdaq to new all-time highs.

U.S. Dollar & Treasury Yields Rise as Safe-Haven Demand Increases

The U.S. dollar weakened slightly as investors became cautiously optimistic about a possible resolution to the U.S.-Iran conflict.

  • Dollar Index fell 0.28% to 97.96
  • Euro rose 0.5% to $1.1779
  • British pound gained 0.5%
  • Japanese yen strengthened 0.3%

Investors continue to closely monitor geopolitical developments and Treasury yield movements for further market direction.

How Did Oil Prices Crash & Boost the US Stock Market Today?

Oil prices remained under pressure amid hopes of easing tensions in the Middle East.

  • Brent crude traded slightly lower near $99.87 per barrel
  • WTI crude slipped around 0.62% to $94.24 per barrel

Lower oil prices helped ease inflation concerns and boosted investor appetite for equities, particularly technology stocks.

Gold & Silver Prices Today

Precious metals remained volatile amid global uncertainty.

  • Spot gold traded between $4,700 and $4,750 per ounce
  • Spot silver hovered around $78 to $81 per ounce

Investors continued to seek safe-haven assets despite improving risk sentiment in equities.

Bitcoin & Crypto Stocks Shoot Higher

Bitcoin remained relatively stable despite broader market volatility.

  • Bitcoin traded near $79,663, slightly lower by 0.3%

Crypto-related stocks, however, saw renewed buying interest as risk appetite returned to markets.

What Investors Should Watch Next in the US Stock Market

Investors are now focusing on:

  • Further developments in the U.S.-Iran peace negotiations
  • Upcoming Federal Reserve commentary
  • Treasury yield movements
  • AI and semiconductor earnings momentum
  • Inflation and labor market data

These factors are expected to determine the short-term direction of U.S. equities.

Top Gainers Today

  • Micron Technology (+10%)
  • AMD (+6%)
  • Intel (+5.4%)
  • Nvidia (+3%)

Top Losers Today

  • Energy sector stocks
  • Oil-linked companies
  • Select defensive shares affected by falling crude prices

Wall Street remains focused on economic data, geopolitical developments, and AI-driven technology momentum. Market direction in coming sessions will likely depend on oil prices, Federal Reserve signals, and Middle East peace negotiations.

Disclaimer: This article is for informational purposes only and should not be considered financial or investment advice. Market conditions can change rapidly, and investors should conduct independent research before making decisions.

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