Trending Now - S&P 500 and Nasdaq Hit New Highs Amid AI Stock Surge
WHO:
CNBC - President Trump stated that a deal with Iran was "perhaps, a big assumption."
Yahoo Finance - Thomas Martin is a senior portfolio manager at Globalt Investments.
Yahoo Finance - Samantha McLemore is the founder of Patient Capital Management.
WHAT:
CNBC - S&P 500 futures moved 0.16% higher, Nasdaq 100 futures gained 0.19%, and futures tied to the Dow Jones Industrial Average added 120 points, or 0.24%.
Yahoo Finance - Advanced Micro Devices' stock reached an all-time high after forecasting quarterly revenue above expectations, soaring almost 19%.
Yahoo Finance - Hut 8 signed a 15-year lease worth $9.8 billion for its Beacon Point data center campus in Texas.
Yahoo Finance - Volume on U.S. exchanges was heavy, with 18.8 billion shares traded, compared to an average of 17.6 billion shares over the previous 20 sessions.
CNBC - The S&P 500 climbed 1.46% to reach a new closing high.
Yahoo Finance - The Nasdaq gained 2.03% to end at 25,838.94 points.
Yahoo Finance - The Dow Jones Industrial Average rose 1.24% to 49,910.59 points.
Yahoo Finance - Advanced Micro Devices' stock soared almost 19% after forecasting quarterly revenue above expectations.
Yahoo Finance - The PHLX chip index rallied 4.5%, bringing its 2026 gain to 62%.
Yahoo Finance - U.S. private payrolls posted their largest increase in 15 months in April.
CNBC - DoorDash shares increased by 10% after issuing positive guidance for orders in its second quarter.
CNBC - Fortinet's stock climbed 16% after raising its full-year billings guidance.
Yahoo Finance - Brent crude futures fell about 8% to $101 a barrel.
WHERE:
CNBC - The New York Stock Exchange (NYSE) is located in New York, US.
Yahoo Finance - Hut 8 signed a lease for its Beacon Point data center campus in Texas.
WHEN:
CNBC - Earnings reports from McDonald's, Shake Shack, Shell, and others are set to be released before Thursday's opening bell.
Yahoo Finance - The report indicates that over 80% of S&P 500 companies that reported through May 1 exceeded analysts' profit estimates.
WHY:
CNBC - Stocks moved higher due to reports that the U.S. and Iran are nearing a one-page, 14-point memorandum of understanding to end the war and establish a framework for nuclear talks.
CNBC - Stocks rose due to hopes that the U.S. and Iran were nearing an agreement to end the war.
Yahoo Finance - Investors are focusing on a strong first-quarter earnings season driven by AI-related companies.
HOW:
Yahoo Finance - Corning surged after announcing a partnership with Nvidia to expand U.S. production of optical connectivity products used in AI data centers.
CNBC - Stocks moved higher as oil prices cooled after reports of a potential U.S.-Iran deal.
Yahoo Finance - Corning announced a partnership with Nvidia to expand U.S. production of optical connectivity products used in AI data centers.
(UPDATED May 7, 2026 15:46 UTC)
Stocks are on the rise today, with S&P 500 futures up 0.16%, Nasdaq 100 futures gaining 0.19%, and Dow Jones Industrial Average futures adding 120 points, or 0.24%, largely driven by reports that the U.S. and Iran are close to finalizing a memorandum of understanding aimed at ending the war and initiating nuclear talks. In notable corporate news, Advanced Micro Devices' stock soared nearly 19% after forecasting quarterly revenue that exceeded expectations, while Corning also saw a surge following its partnership with Nvidia to boost U.S. production of optical connectivity products for AI data centers. Additionally, Hut 8 has signed a significant 15-year lease valued at $9.8 billion for its Beacon Point data center campus in Texas, amidst heavy trading volume on U.S. exchanges, which reached 18.8 billion shares today.
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(UPDATED May 7, 2026 13:31 UTC)
Stocks surged today, with the S&P 500 climbing 1.46% to reach a new closing high, while the Nasdaq gained 2.03% to end at 25,838.94 points, and the Dow Jones Industrial Average rose 1.24% to 49,910.59 points. Advanced Micro Devices saw its stock soar almost 19% after forecasting quarterly revenue above expectations, and DoorDash shares increased by 10% following positive guidance for orders in its second quarter. Looking ahead, earnings reports from McDonald's, Shake Shack, Shell, and others are set to be released before Thursday's opening bell, as investors remain optimistic about a strong first-quarter earnings season driven by AI-related companies.