--- title: "Broader US indices on pace for solid gains this week" type: "News" locale: "en" url: "https://longbridge.com/en/news/285746674.md" description: "Broader US indices, including the S&P and NASDAQ, are on track for record closing levels following a strong US jobs report. The NASDAQ is up 1.26% and projected to gain 4% this week, while the S&P is up 0.80% with a 2.25% weekly gain. Notable performers include Intel, up 16.5%, and AMD, up 20.37% this week. The Russell 2000 reached a new high, and year-to-date gains are significant across major indices despite geopolitical tensions and tariffs, driven by increased productivity." datetime: "2026-05-08T15:02:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285746674.md) - [en](https://longbridge.com/en/news/285746674.md) - [zh-HK](https://longbridge.com/zh-HK/news/285746674.md) --- # Broader US indices on pace for solid gains this week Both the S&P and NASDAQ indices are on pace for record closing levels after the stronger-than-expected US jobs report. The NASDAQ index is up 1.26% on the day while the S&P index is up 0.80%. The Dow Industrial Average is up 0.20%. For the week, the NASDAQ index is on pace for a 4% gain for the week, while the S&P is up 2.25% currently. Some oversizing gains were Datadog and Micron. Intel added another 16.5% . For the year, the stock of the once beleaguered chip manufacturer is up 213%. AMD is up 20.37% this week and up 102% for the year. How have the Magnificent 7 performed in 2026: - Alphabet Inc.: +27.95% - Amazon.com: +17.99% - NVIDIA: +15.61% - Apple Inc.: +8.23% - Tesla: -5.19% - Meta Platforms: -7.33% - Microsoft: -14.10% The major indices in the US have been led by the Russell 2000 (the Russell 2000 reached a new all-time high this week at 2888.61 but is below that level currently). - iShares Russell 2000 ETF: +15.18% YTD - Nasdaq Composite: +12.45% YTD - S&P 500: +8.03% YTD - Dow Jones Industrial Average: +3.43% YTD The gains this year come despite the War in Iran and the tariffs. 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