Market Summary – May 8 S&P 500 Gains and Losses

Market Summary – May 8

U.S. stocks climbed Thursday after a new U.S.-U.K. trade deal was announced, providing market access for American goods in exchange for tariff adjustments.

• S&P 500: +0.6%

• Dow Jones: +0.6%

• Nasdaq: +1.1%

Top Gainers (S&P 500)

• Axon Enterprise (AXON): +14.1%
  Surged on strong earnings, citing rising demand for its AI-driven policing software.

• EPAM Systems (EPAM): +12.9%
  Beat earnings expectations and raised guidance; announced a new CEO.

• Enphase Energy (ENPH): +12.2%
  Gained after launching a new solar product in Germany aimed at apartment and off-grid users.

Top Losers (S&P 500)

• Match Group (MTCH): –9.6%
  Fell on declining paying users and news of a 13% workforce cut.

• Fortinet (FTNT): –8.4%
  Dropped after weak revenue guidance despite beating profit forecasts.

• Cencora (COR): –6.8%
  Slipped following a strong earnings report due to concerns over future growth in key product lines.

• Peloton (PTON): –6.7%
  Declined after tightening its revenue forecast and posting a narrower-than-expected loss.

Commodities

• WTI Crude Oil: +3.3% to $60.00/barrel

• Gold: –2.4% to $3,310.70/oz

• Silver: –0.7% to $32.57/oz