Funds-Up

📅 May 08, 2026 · 06:02 PM EDT  |  Wall Street Daily Briefing 📌 Source: finance.yahoo.com What Happened Apple has reportedly finalized a preliminary chip-making agreement with Intel, a strategic move to diversify its semiconductor supply chain away from its primary manufacturer, TSMC. This partnership aims to bolster Intel's struggling foundry business and reduce Apple's single-point dependency, triggering immediate stock gains for both companies. On May 9, 2026, reports confirmed Apple's preliminary agreement with Intel for chip manufacturing, signaling a significant shift in its supply chain strategy. This development, aimed at decreasing reliance on TSMC, saw Intel's stock surge by over 8.5% in early trading, adding an estimated $15 billion to its market capitalization. Apple shares also experienced a modest rise of 1.2% , reflecting investor optimism about supply chain resilience. The deal reportedly focuses on advanced p...

📅 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...