Live Nasdaq Composite: Markets Rise on Trade-Deal Promise

Key Points

Stocks came out of the gate higher on a positive trade development between the U.S. and the U.K.
President Trump hinted at further trade agreements to follow.
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Markets Widen Lead

May 8, 2025 at 1:08 PM EDT | Gerelyn Terzo

Stocks have widened their lead as further details on the trade agreement between the U.S. and the U.K. come to light. 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 tech-heavy Nasdaq Composite is up 2% over the past five-day stretch and has gained 10.2% in the past month. But year to date, the index is still down by 6.4%.

Jet Fuel

May 8, 2025 at 12:02 PM EDT | Gerelyn Terzo

After the Fed decided to leave interest rates unchanged, the White House is responding. President Trump was disappointed Fed Chairman Jerome Powell did not lower interest rates like other countries have been doing, saying that a rate cut would be jet fuel to the stock market. The markets remain higher across the board with gains of over 1% each for the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 as further trade details between the U.S. and the U.K. emerge.

This AI-Powered Stock Is Up 5% Today

May 8, 2025 at 11:06 AM EDT | Gerelyn Terzo

BigBear.ai (NYSE: BBAI), which provide AI intelligence to the defense sector, is gaining nearly 5% in today’s session to $3.19 per share. The company is partnering with Hardy Dynamics for a U.S. Army project that introduces AI and Machine Learning technology to future warfighting, strengthening its industry position and paving the way for future contracts.

Earnings Update

May 8, 2025 at 10:00 AM EDT | Gerelyn Terzo

Restaurant Brands International’s (NYSE: QSR) Q1 earnings missed Wall Street estimates on both the top and bottom lines. The company’s brands including Popeyes, Burger King and Tim Hortons suffered same-store sales declines. Restaurant Brands has already observed a turnaround in the current quarter.

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

The markets are celebrating the latest development on the tariff front. President Trump has announced a “comprehensive” trade agreement between the U.S. and the U.K., sending all three of the major stock market averages higher in early morning trading. President Trump also tipped his hand toward further announcements in the pipeline for today, injecting greater optimism into these uncertain markets. Marked by a 200-point gain in the Dow Jones Industrial Average, the markets are seeing green, including a 1% rise in the tech-heavy Nasdaq Composite.

Each of the Magnificent 7 stocks are trading higher today, as Tesla (Nasdaq: TSLA) recoups about 3% while Microsoft (Nasdaq: MSFT) advances by 1.6%). Google parent company Alphabet (Nasdaq: GOOGL) regained its composure and is rising 1% after yesterday’s steep AI-driven sell-off in the stock. Alphabet stock was caught in the crosshairs yesterday after an Apple (Nasdaq: AAPL) executive predicted AI will muscle search engines out of the picture.

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

Dow Jones Industrial Average: Up 238.81 (+0.58%)
Nasdaq Composite: Up 162.24 (+0.91%)
S&P 500: Up 33.87 (+0.60%)

Market Movers

Quantum computing stock D-Wave Quantum (NYSE: QBTS) is ballooning by 22.1% today after reporting Q1 results. At $15 million in revenue, D-Wave’s results topped estimates and set a fresh record for the company.

Advanced Micro Devices (Nasdaq: AMD) is rising 4.5% on the day amid reports of friendlier regulatory guardrails for the chip sector. ARM Holding stock is down 6.2% today due to a disappointing outlook attached to its fiscal Q4 earnings report.

Shopify (NYSE: SHOP) was one of yesterday’s winners alongside Netflix (Nasdaq: NFLX) but is shaving off 4.8% of its value today after reporting a wider than expected Q1 net loss.

AppLovin (Nasdaq: APP) stock is soaring by 17% today after offloading its mobile games studio portfolio in an $800 million deal. The AppLovin CEO said the company was “never a game developer at heart.”