Wall Street Surges on Tech Strength: NASDAQ Jumps 1.71% as AI Infrastructure Demand Fuels Chip Stocks
📅 May 08, 2026 · 06:01 PM EDT | Wall Street Daily Briefing S&P 500 7,398.93 ▲ 0.84% NASDAQ 26,247.08 ▲ 1.71% Dow Jones 49,609.16 ▲ 0.02% VIX 17.19 ▲ 0.64% Market Overview — May 08, 2026 On May 08, 2026, Wall Street saw broad gains, primarily driven by technology. The S&P 500 advanced by 0.84% to 7398.93, while the tech-heavy NASDAQ soared 1.71% to 26247.08. The Dow Jones Industrial Average posted a modest 0.02% gain, closing at 49609.16, indicating a bifurcated market rally focused on growth. Yesterday, US stocks largely climbed, with the NASDAQ leading the charge, reflecting renewed conviction in the AI growth narrative. The S&P 500 pushed further into record territory, cl...