# The Dow Jones Industrial Average rose 106.64 points, or 0.22%, to 49,703.61.

*fintech · news · 2026-05-08 · Devdiscourse*

## Key points

- Nvidia and Apple shares each rose over 2%, driving S&P 500 and Nasdaq to record highs.
- U.S. April jobs data beat expectations, supporting forecasts that the Fed will hold rates steady.
- 83% of S&P 500 companies reporting beat Q1 earnings estimates, far above the historical average.
- Cloudflare announced a 20% workforce cut and missed revenue estimates, causing shares to fall 18.6%.
- Oil prices reached $100 a barrel before falling on dimmer hopes for a Strait of Hormuz reopening.

**Companies:** Nvidia, Apple, Cloudflare, CoreWeave, Expedia, Trade Desk
**Countries:** United States, Iran

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/headlines/3901533-us-stocks-sp-500-nasdaq-hit-fresh-peaks-as-tech-stocks-jobs-data-lift-sentiment)

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