US Stocks Near Record High on Payrolls Beat, Gaining Chip Stocks

Published on May 8, 2026

US stocks were on track for a record closing high, buoyed by semiconductor stocks, strong monthly payrolls figures and a US-Iran ceasefire that appeared intact even with overnight clashes near the Strait of Hormuz.

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US Jobs Rise 115,000 in Strongest Two-Month Gain Since 2024

May 8, 2026
US employers added more jobs than expected for a second month and the unemployment rate held steady in April, indicating the labor market is holding up despite rising energy costs sparked by the Iran war.

Gundlach Takes Longshot Bet in Case of US Debt Restructuring

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