From Nasdaq: 2025-05-08 17:20:00

Stock indexes are up today; S&P 500 +0.17%, Dow Jones +0.24%, Nasdaq 100 +0.34%. Trade deal hopes lifted markets after Trump announced a deal with the UK. Semiconductor stocks surged on news of AI chip restrictions being rescinded. Weekly jobless claims fell more than expected, boosting bond yields. Q1 productivity declined, unit labor costs rose.

US stock market rallies on trade optimism, with chip stocks leading the gains. Energy stocks climb as crude oil prices rise. Cryptocurrency-exposed stocks surge on Bitcoin price jump. EPAM Systems and AppLovin lead gainers after strong Q1 results. Drug makers face pressure after reports of Trump’s plan to cut drug costs. Fortinet, Match Group, Molson Coors, Genpact report earnings.

German industrial production sees strong growth, while trade data shows mixed results. BOE cuts bank rate, ECB expected to follow suit. US bond yields rise on positive economic news. European government bond yields also increase. Stock markets in Europe and Asia see gains.

Overall, markets are reacting positively to trade developments and economic data, with specific sectors like chip stocks and energy companies seeing notable gains. Earnings reports from various companies are also impacting individual stock performances. Trading sentiment remains optimistic amid ongoing global economic shifts.



Read more at Nasdaq: Stocks See Support as US-UK Trade Deal Bolsters Trade Optimism