S&P 500 Hits Record as Apple Jumps and Oil Slides at Start of May
U.S. equities advanced on Friday, with the S&P 500 setting a fresh intraday record to kick off May trading. The benchmark index was last up 0.6%, while the Nasdaq Composite gained 1.1% and also notched a new all-time high. The Dow Jones Industrial Average hovered near flat.
Apple led the move after its shares climbed more than 4% on a fiscal second-quarter earnings and revenue beat. The company’s revenue outlook for the current quarter also came in above expectations, helping to offset market attention on iPhone revenue, which missed estimates for the second time in three quarters.
Oil prices, meanwhile, retreated after reports said Iran delivered its response—via Pakistani mediators—to the latest U.S. amendments to a draft agreement aimed at ending the Middle East conflict. The pullback in crude eased immediate energy-risk pressure as markets reassessed near-term supply concerns.
Still, the diplomatic path remains fragile. President Donald Trump said later on Friday that he was displeased with Iran’s latest peace offer, adding that the country “wants to make a deal, but I’m not satisfied with it,” keeping geopolitical headlines in focus.
Investors will continue to watch big-tech earnings and forward guidance, alongside Middle East developments that could swing energy prices and inflation expectations—factors that can feed through to yields and equity valuations.
Source : Newsmaker.id
