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News in English (USA) / 08.05.2026 / 23:00

US Stock Market Soars to Record Highs Fueled by Strong Jobs Data and Tech Rally

The US stock market reached unprecedented heights this week, with the S&P 500 and Nasdaq celebrating record closing figures. This surge was largely driven by a robust jobs report that exceeded expectations, alongside a rally in chip stocks and optimism surrounding the tech sector. Investors remain buoyed by the resilience of the labor market, even amid ongoing geopolitical tensions in the Middle East. Overall, the major indices notched their sixth consecutive week of gains, marking a significant upward trajectory despite fluctuating oil prices.
"Investors Business Daily", Yahoo Finance, MSN, AP News, Investopedia, WSJ, CNBC, The New York Times, MarketWatch, Reuters