The S&P 500 (SPX) closed out the trading week ending on Friday, 8 May 2026, at its highest closing value ever: 7,398.93. The index itself was up 2.3% from the preceding trading week's close.
Much of the market's gain came as AI technology companies reported very strong earnings, which is ultimately what powered the index higher during the week that was.
The Atlanta Fed's GDPNow tool estimate of +3.7% real GDP growth for the U.S. economy in the current quarter of 2026-Q2 held steady.
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The S&P 500 (SPX) closed out the trading week ending on Friday, 8 May 2026, at its highest closing value ever: 7,398.93. The index itself was up 2.3% from the preceding trading week's close.
