S&P 500 INDEX (SPX) Live: Broader Markets Rise on Bullish Trade Optimism

By Gerelyn Terzo Updated May 8, 1:12PM EDT · Published May 8, 10:23AM EDT

Key Points

The U.S. and the U.K. have reached a trade agreement, and further trade partner progress is expected sooner than later.
The broader markets are riding this bullish wave higher.

Live Updates

Broader Market Stays Upbeat

May 8, 2025 at 1:13 PM EDT | Gerelyn Terzo

Stocks have added to their gains as the trade agreement between the U.S. and U.K. becomes semi-official, though the full details are still being finalized. Here’s where things stand as of early afternoon trading:

Dow Jones Industrial Average: Up 623.60 (+1.5%)
Nasdaq Composite: Up 331.08 (+1.8%)
S&P 500: Up 80.73 (+1.4%)

The S&P 500 has gained 1.8% over the past five days and is up 8.3% over the past month. Year-to-date, the broader market index has fallen approximately 3%.

'Jet Fuel' for Stocks

May 8, 2025 at 12:07 PM EDT | Gerelyn Terzo

Now that the Fed decided to leave interest rates unchanged for the time being, the White House has clapped back. President Trump expressed disappointment in Fed Chairman Jerome Powell for failing to follow in the footsteps of other countries by lowering interest rates in the economic slowdown, saying that a rate cut could be jet fuel to stocks.

Nevertheless, the markets are holding onto gains, with the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 each up over 1% as further trade details between the U.S. and the U.K. emerge. Also, the bitcoin price is hovering back above the $100,000 level on news of a deal involving crypto exchange Coinbase (Nasdaq: COIN | COIN Price Prediction).

Winners and Losers

May 8, 2025 at 10:25 AM EDT | Gerelyn Terzo

EPAM Systems (NYSE: EPAM) is gaining 15.6% today after reporting Q1 results and lifting its outlook.

Axon Enterprise (Nasdaq: AXON) is tacking on 12.1% this morning on strong Q1 revenue performance.

Fortinet (Nasdaq: FTNT) is down 11.2% after earnings.

Molson Coors (NYSE: TAP) is losing 5.9% in mid-morning trading on disappointing Q1 results and outlook.

This article will be updated throughout the day, so check back often for more daily updates.

The markets are breathing a sigh of relief on positive trade developments. President Trump revealed a “comprehensive” trade agreement between the U.S. and the U.K., giving the major stock market averages a catalyst for gains as buying activity picks up. President Trump also hinted toward further progress to be revealed soon, helping stocks to hold their gains. After rising 200 points out of the gate, the Dow Jones Industrial Average has trimmed its gains while the S&P 500 and Nasdaq Composite remain fractionally higher. The SPX ETF is up 0.55%.

Each of the Magnificent 7 stocks are seeing green today, including Tesla (Nasdaq: TSLA), which is adding 3% while Microsoft (Nasdaq: MSFT) advances by 1.6%. Google parent company Alphabet (Nasdaq: GOOGL) is recovering with a 1% gain after yesterday’s steep AI-driven sell-off in the stock. Alphabet stock was targeted yesterday after an Apple (Nasdaq: AAPL) executive forecast AI will replace traditional search engines.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Up 186.88 (+0.45%)
Nasdaq Composite: Up 118.62 (+0.70%)
S&P 500: Up 26.63 (+0.47%)

Market Movers

Quantum computing stock D-Wave Quantum (NYSE: QBTS) is soaring by 22.1% on the heels of its Q1 earnings report. After generating $15 million in revenue, D-Wave’s results topped estimates and set a fresh record fore the company.

Advanced Micro Devices (Nasdaq: AMD) is up 4.5% on positive regulatory tailwinds for the chip sector. On the flip side, ARM Holding stock is down 6.2% today after providing guidance that fell short.

Shopify (NYSE: SHOP) was a winner yesterday but is shaving off nearly 5% of its value today after reporting a wider than expected Q1 net loss.

AppLovin (Nasdaq: APP) stock is climbing 17% higher today after divesting its mobile games studio portfolio in an $800 million transaction. The AppLovin CEO stated that the company was “never a game developer at heart.”

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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.