# "We see scope for further tech-led upside to S&P 500 7,750 and as high as 9,000," Evercore ISI strategist Julian Emanuel wrote in a Thursday note.

*business · news · 2026-05-08 · NDTV Profit*

## Key points

- Anthropic PBC has signed a computing agreement with SpaceX to meet surging AI demand.
- Challenger data shows tech-sector layoffs have hit a three-year high despite broader job cuts receding.
- Datadog Inc. shares soared 31% after the company raised its outlook, leading software rallies.
- The gap between semiconductor and software stock performance is now the widest in over a year.
- Homebuilder stocks may react soon to potential housing affordability announcements hinted by FHFA head Bill Pulte.

**Companies:** Block Inc., Citigroup Inc., McDonald's Corp., Coinbase Global Inc., Whirlpool Corp., Datadog Inc., Warby Parker Inc., Arm Holdings Plc, Anthropic PBC, CoreWeave Inc.
**Countries:** United States, Iran

[Read the full story on NDTV Profit](https://www.ndtvprofit.com/markets/wall-street-highlights-s-p-500-nasdaq-fall-from-record-high-as-market-awaits-irans-reply-11465009)

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