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S&P 500 Hits 7,000 as Intel Soars on Apple Deal

5/12/2026

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Story summary
  • On May 8 2026, U.S. investors lifted the S&P 500 about 0.8 % to close above 7,000, a fresh record, as Intel jumped 13.96 % after an Apple joint-production deal and Nvidia rose 2.3 %.
  • Taiwan’s TAIEX reached 42,028 (+0.6 %), South Korea’s KOSPI rose to 3,965, and Japan’s Nikkei 225 climbed to 62,009.59, each posting new highs.
  • Oil prices slipped nearly 8 % on peace-deal optimism, yet Brent stayed around US$102.11 a barrel, about 40 % above pre-conflict levels.