South Korea Financial Markets

The screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won are displayed at a dealing room of Hana Bank in Seoul, South Korea, Friday, May 8, 2026.

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US stocks rise to records after a solid jobs report overshadows higher oil prices

US stocks rise to records after a solid jobs report overshadows higher oil prices

U.S. stocks rose to records following the latest sign that the nation’s job market is doing better than economists expected. The S&P 500 climbed 0.8% Friday to an all-time high after a report said employers added more jobs last month than expected, even though the war with Iran is raising fuel costs and uncertainty. The Dow Jones Industrial Average edged up less than 0.1%, and the Nasdaq composite rallied 1.7% to its own record. Monster Beverage and Akamai Technologies helped lead the market after reporting better profits for the latest quarter than analysts expected. Oil prices climbed on uncertainty about the war with Iran.