From Nasdaq

May 08, 2025 2:54:00 pm:

Stock indexes, including S&P 500, Dow Jones, and Nasdaq, are up today after Trump’s trade deal announcement with the UK. E-mini S&P and Nasdaq futures are also higher. Bond yields rose after positive US economic news, with weekly jobless claims falling more than expected. Q1 productivity declined and unit labor costs rose.

Semiconductor stocks rally on news of AI chip curbs rescission. US economic news impacts stocks negatively. Weekly unemployment claims beat expectations, nonfarm productivity fell, and unit labor costs rose. The market anticipates a rate cut after the FOMC meeting. Q1 earnings show lower growth expectations for S&P 500 companies.

Overseas markets are up, with European bond yields rising. German industrial production exceeds expectations. BOE cuts official bank rate. ECB expected to cut rates. US stock movers include Tesla, Alphabet, Meta Platforms, and Amazon. Cryptocurrency-related stocks rise. Companies like Axon, EPAM Systems, and MercadoLibre report strong earnings.

Chip stocks continue to rise on the AI chip curbs news. Companies like AMD, Intel, and ASML Holding NV surge. Cryptocurrency-exposed stocks also see gains. AppLovin leads in Nasdaq 100 gains. Drug makers face pressure after Trump’s drug cost plan announcement. Fortinet and Arm Holdings forecast lower earnings. Molson Coors and Genpact Ltd report weaker earnings.

Match Group forecasts lower operating income and announces workforce reduction. Various companies report earnings for 5/8/2025. The author does not hold positions in securities mentioned. All information is for informational purposes only. Visit Barchart for more news and updates.

Read more at Nasdaq: Stocks Rally on UK Trade Deal and Chip Rule Change