Stock market news for May 1, 2026

The S&P 500 rose to a contemporary all-time intraday excessive on Friday, boosted by Apple shares, whereas oil costs fell as a brand new month of buying and selling obtained underway.

The broad market index superior 0.29% to finish at 7,230.12. The Nasdaq Composite added 0.89%, reaching an all-time excessive and shutting at 25,114.44. Both indexes posted closing data. The Dow Jones Industrial Average slipped 152.87 factors, or 0.31%, to settle at 49,499.27.

Shares of Apple climbed greater than 3% after the buyer tech large posted a fiscal second-quarter earnings and revenue beat. Not solely that, the corporate’s income outlook for the present quarter was higher than anticipated, overshadowing the truth that iPhone income fell wanting estimates for the second time in three quarters.

On the flip aspect, oil costs fell after Iran reportedly sent its response by way of Pakistani mediators to the most recent US amendments to a draft settlement to finish the Middle East battle.

President donald trump revealed later Friday he’s displeased with a brand new peace provide from Iran, saying that the nation “wants to make a deal, but I’m not satisfied with it.”

Oil costs have been off their lows of the day following that improvement. U.S. West Texas Intermediate crude futures fell 2.98% to settle at $101.94 a barrel. International benchmark Brent crude futures slid 2.02% to $108.17 a barrel.

The strikes come after a record-setting session, with the S&P 500 closing above the 7,200 threshold for the primary time ever. That helped each the S&P 500 and Nasdaq — which additionally notched a brand new report closing excessive — safe their strongest month-to-month performances since 2020. The Dow, in the meantime, noticed its strongest month-to-month efficiency since November 2024.

A robust first-quarter earnings season, in addition to hopes for easing tensions within the Middle East, have finally boosted shares greater on the 12 months. Although the foremost averages took a dip on the graduation of the US struggle with Iran, all three indexes at the moment are buying and selling effectively above the place they started 2026.

David Krakauer of Mercer Advisors believes that constructive trajectory can proceed in the long run for equities. While Krakauer is hopeful that the Iranian struggle will conclude within the close to time period, resulting in a reopening of the Strait of Hormuz, he believes that the earnings progress potential within the US in addition to abroad will provide momentum to shares, even when the battle persists.

“There could be always new news or some declining sentiment, where we could see a little bit of a pullback here after a strong pop up, but we’re still just overall strategically bullish on equities,” the vice chairman of portfolio administration mentioned.

Noting that there will probably be winners and losers in know-how as “not all” of the synthetic intelligence capital expenditures spending goes to “pay off,” Krakauer added, “We think the enhanced productivity story remains intact.”