LIVEMarkets rolling coverageStarted: May 8, 2026, 12:00 AM EDTUpdated: May 8, 2026, 7:32 AM EDT Stock Market Update: Dow, S&P 500, Nasdaq Slip as Oil Prices Rise and AI Trade Pauses May 8, 2026, 7:32 AM EDT. Stock markets dipped as oil prices climbed, causing the Dow, S&P 500, and Nasdaq to slip. Apple (AAPL) reached a fresh intraday record high, marking its highest since December, following Wednesday's record close. The Roundhill Magnificent Seven ETF (MAGS) also hit an all-time intraday high for the first time since October. Key indexes showing new intraday highs included the Nasdaq Composite, S&P MidCap