Stocks rose last week as peace talks picked up while investors cheered better-than-expected economic news and Q1 corporate results.
The Standard & Poor’s 500 Index advanced 2.33 percent, while the Nasdaq Composite Index rose 4.51 percent. The Dow Jones Industrial Average edged up 0.22 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, added 1.24 percent.1,2
Sixth Straight Week of Gains
Stocks stumbled at the start of the week as stalled peace talks and escalating tensions in the Middle East weighed on sentiment.3
The gloom didn’t last long. Markets opened higher Tuesday morning as investors reacted positively to solid Q1 corporate earnings results and falling oil prices. The rally extended through Wednesday after better-than-expected earnings results from a couple of chipmakers lifted the entire sector and led the broader averages higher. The S&P 500 and Nasdaq hit record intraday and closing highs both days, while the S&P closed above 7,300 for the first time.4
Stocks took a breather on Thursday as investors assessed the latest developments in the Middle East. Markets then opened higher on Friday on news of better-than-expected job growth in April, fueling a relief rally from investors who were pleasantly surprised that the Middle East had not impacted hiring. A major chipmaker deal announcement extended the week’s chip-stock rally, further lifting the S&P and Nasdaq to new highs and a sixth consecutive week of gains.5,6
Source: YCharts.com, May 9, 2026. Weekly performance is measured from Monday, May 4 to Friday, May 8. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.
Jobs Report Surprise
Employers added 115,000 jobs in April, versus the 55,000 economists expected. Jobs grew the most in the healthcare, retail, and leisure & hospitality sectors. Another good sign: unemployment held steady at 4.3 percent last month.7
In other economic news, the new home sales data released last week showed sales for both February and March exceeded expectations. In March, 682,000 newly constructed homes were sold, up 7.4 percent over the prior month, while February new home sales jumped 8.9 percent over February.8
This Week: Key Economic Data
Monday: Existing Home Sales.
Tuesday: NFIB Small Business Optimism Index. Consumer Price Index (CPI). Chicago Fed President Austan Goolsbee speaks. Monthly Federal Budget.
Wednesday: Producer Price Index (PPI). Boston Fed President Susan Collins speaks.
Thursday: Retail Sales. Weekly Jobless Claims. Import Price Index. Business Inventories. Cleveland Fed President Beth Hammack and Fed Governor Michael Barr speak.
Friday: Industrial Production. Capacity Utilization. Home Builder Confidence Index.
Source: Investors Business Daily – Econoday economic calendar: May 8, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.
This Week: Companies Reporting Earnings
Monday: Constellation Energy Corporation (CEG)
Wednesday: Cisco Systems, Inc. (CSCO)
Thursday: Applied Materials, Inc. (AMAT), Brookfield Corporation (BN)
Source: Zacks, May 8, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.
The fool doth think he is wise, but the wise man knows himself to be a fool.
-William Shakespeare
More Digital Choices For Filing
The IRS has made it easier to file your taxes. Forms now include electronic signature options, allowing tax professionals to conduct remote transactions.
To allow your tax professional to use the electronic signature option, you must fill out and submit Form 2848, Power of Attorney and Declaration of Representative. This form constitutes a written authorization appointing tax professionals to represent taxpayers before the IRS, including performing certain acts on the taxpayer’s behalf. These acts may include providing an electronic signature.
This information is not a substitute for individualized tax advice. Please consult with a qualified tax professional to discuss your specific tax issues.
Tip adapted from IRS.gov9
Hydrate the Healthy Way
Are you trying to kick a soda habit but sick of water? There are many fun and healthy means to make your water taste better and encourage you to drink more. Here are some easy ways to spice up your normal water:
Add fresh fruit slices, such as lemon, lime, or orange. Not only will these fruits make your water taste better, but you may also enjoy some of the benefits of these citrus powerhouses.
Add some sliced cucumber to your water to make it feel pampered. Who needs the spa when you have a nice glass of cucumber water sitting at your desk?
Try some sugar-free, low-calorie water sweeteners. They are an appealing option for those who have a sweet tooth and crave soda but are trying to drink more water. Mix it up with sparkling water or seltzer if you miss the fizz of soda. Most sparkling waters are calorie-free or low in calories while keeping you hydrated.
It would help to drink at least half of your body weight in ounces of water daily. What are some of your favorite methods to make water more exciting?
Tip adapted from Baton Rouge Clinic10
They have wings. As they grow up, they also grow down. What are they?
Last Week’s Riddle: Katherine and Sterling each have the same number of pears. How many pears does Katherine need to give Sterling so that Sterling has 10 more pears than she does?
Answer: 5. When Katherine gives Sterling 5 pears, she will lose 5, and he will gain five, resulting in a net difference of 10. So they both have at least 5 pears to begin with.
Moraine Lake
Alberta, Canada
Footnotes and Sources
1. WSJ.com, May 8, 2026
2. Investing.com, May 8, 2026
3. CNBC.com, May 4, 2026
4. CNBC.com, May 6, 2026
5. CNBC.com, April 30, 2026
6. WSJ.com, May 7, 2026
7. WSJ.com, May 8, 2026
8. Reuters.com, May 5, 2026
9. IRS.gov, August 27, 2025
10. Baton Rouge Clinic, November 18, 2025