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U.S. stocks closed higher on Friday, with the Nasdaq and S&P 500 reaching record highs and extending winning streaks to six weeks, supported by chip stocks and stronger-than-expected April jobs data. Intel surged 13% after reports it reached a deal t

2026-05-09

U.S. stocks closed higher on Friday, with the Nasdaq and S&P 500 reaching record highs and extending winning streaks to six weeks, supported by chip stocks and stronger-than-expected April jobs data. Intel surged 13% after reports it reached a deal to manufacture some chips for Apple devices, while Apple gained about 2%. The U.S. added 115,000 jobs in April, above Bloomberg estimates for 65,000, with unemployment steady at 4.3%. Oil prices also rose as tensions near the Strait of Hormuz increased concerns over Middle East supply disruptions.

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