Business, Finance, Stocks
U.S. stock indexes reached new highs, boosted by strong job growth, with employers adding 115,000 jobs in April, while oil prices remain volatile.
By William Collins, consultant in stock markets – Eurasia Business News, May 8, 2026. Article no 2097
The S&P 500 and Nasdaq Composite were up about 0.7% and 1.3%, respectively. Both indexes hit new all-time intraday highs in the session. The Dow Jones Industrial Average added 54 points, or 0.1%.
Gold was trading around $4,700s, with one live price source showing $4,685.67 per ounce and another market page referencing a May 8 level above $4,713.99, so your $4,706 figure is in the same range.
A stronger-than-expected U.S. April jobs report is giving stocks a lift.
Employers added 115,000 jobs last month, the Labor Department said, better than the 55,000 that economists were expecting. The unemployment rate held steady at 4.3%.
The broader market’s rise on Friday was supported by a rise in chip stocks such as Micron Technology and Qualcomm. Micron shares were up 10%, while Qualcomm popped 9%, positioning the stock for a fourth consecutive day of gains.
Oil prices remained elevated and highly volatile, with Brent crude trading around $100–$101 per barrel and WTI hovering near $95–$96 per barrel. Prices were driven by continued tensions in the Middle East, particularly concerns over the closure of the Strait of Hormuz, despite hopes for a ceasefire between the U.S. and Iran.
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© Copyright 2026 – Eurasia Business News. Article no. 2097
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