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The Dow Jones Industrial Average opened 184.09 points higher, or 0.37%, at 49,781.06 on Friday, May 8. The S&P 500 opened 31.53 points higher, or 0.43%, at 7,368.64 on Friday, May 8. The Nasdaq Composite opened 164.25 points higher, or 0.64%, at 25,9

2026-05-08

The Dow Jones Industrial Average opened 184.09 points higher, or 0.37%, at 49,781.06 on Friday, May 8. The S&P 500 opened 31.53 points higher, or 0.43%, at 7,368.64 on Friday, May 8. The Nasdaq Composite opened 164.25 points higher, or 0.64%, at 25,970.44 on Friday, May 8.

Other News
2026-05-08

WTI crude oil opened slightly lower by 0.2% on Friday, spot gold and silver prices fell slightly, and Nasdaq futures dropped 0.3%.

WTI crude oil opened slightly lower by 0.2% on Friday, spot gold and silver prices fell slightly, and Nasdaq futures dropped 0.3%.
2026-05-08

DoubleLine Capital CEO Jeffrey Gundlach said he has shifted some portfolios, including the firm’s flagship fund, from higher-coupon US Treasures into lower-coupon bonds of the same maturity to hedge against a possible future restructuring of US debt.

DoubleLine Capital CEO Jeffrey Gundlach said he has shifted some portfolios, including the firm’s flagship fund, from higher-coupon US Treasures into lower-coupon bonds of the same maturity to hedge against a possible future restructuring of US debt. In an interview, Gundlach said the US government could theoretically reduce coupon payments on outstanding debt during a future recession to lower interest costs, citing a hypothetical cut to 1% from 4% without changing maturities. He called the scenario a “longshot” but warned such a move would cause bond prices to collapse and severely damage US borrowing credibility. Gundlach linked the idea to Treasury Secretary Scott Bessent’s discussions about managing the yield curve to address the US debt burden.
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