S&P 500 Tops 7,400 Intraday for Record ATH, Caps Sixth Weekly Rally on Jobs Beat

The S&P 500 topped 7,400 intraday on May 8, 2026, hitting a fresh all-time high and sealing its sixth consecutive weekly gain amid a stronger-than-expected April jobs report (+115,000 nonfarm payrolls, 4.3% unemployment) that overshadowed oil's rebound above $100/bbl. It advanced from a May 5 record close of 7,259 (+0.81%) on Intel's 12% jump, to 7,365.12 (+1.46%) on May 6 after AMD's 18% rally (Q1 revenue $10.25B beat, Q2 guide $10.90B–$11.50B) and WTI crude's 7% plunge to $95/bbl on US-Iran peace hopes. May 7 peaks reached 7,382 intraday with futures over 7,390 as 84% of 411 S&P firms beat estimates.