US Stocks Approach Record High on Strong Payrolls, Chip Gains

US stocks advanced, nearing record highs, driven by a stronger-than-expected payrolls report and significant gains in the chip sector. The market also exhibited mixed trading as investors awaited updates regarding Iran.

8 May, 14:27 — 8 May, 14:27

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advisor-perspectivesMostly Factual37d ago

US Stocks Near Record High on Payrolls Beat, Gaining Chip Stocks

US stocks were on track for a record closing high, buoyed by semiconductor stocks, strong monthly payrolls figures and a US-Iran ceasefire that appeared intact even with overnight clashes near the Strait of Hormuz.

By Felice Maranz

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Coverage Timeline

First report: Yahoo · 7 May, 14:13|Full coverage: 2 · 1d|Window: 1d

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Yahoo7 May, 14:13First to report

Stocks Mixed Awaiting an Iran Update

1d later

advisor-perspectives8 May, 14:27Latest update

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US Stocks Approach Record High on Strong Payrolls, Chip Gains

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US Stocks Near Record High on Payrolls Beat, Gaining Chip Stocks

Coverage Timeline

Stocks Mixed Awaiting an Iran Update

US Stocks Near Record High on Payrolls Beat, Gaining Chip Stocks

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