US Stocks Rebound to Records

2026-05-08 13:34 By Andre Joaquim 1 min. read

US equities rebounded to record highs on Friday as the strong earnings prospectives and robust labor market signals offset risks from the war in Iran.

The S&P 500 and Nasdaq were 0.5% higher at new records, while the Dow added over 100 points.

Companies in the AI infrastructure and software space continued to rise after leading the rally this week.

Their recent earnings cited stronger productivity and growing demand that is due to be undeterred by macroeconomic headwinds in the US economy.

Strikes between Iran and US pushed back any hopes of a deal that restores energy supply from the Persian Gulf.

Also, the jobs report pointed to back-to-back months of higher employment gain than expected, strengthening the rhetoric from hawkish FOMC members as higher core inflation and surging energy prices backed bets of a Fed hike this year.

Tesla and Nvidia were over 1% higher, while AMD gained 2% to be on track for a 15% surge this week.



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