Particle.news
Download on the App Store
34 ARTICLES
·
last wk.

S&P 500, Nasdaq Set New Records After Apple Beats Forecasts

Earnings strength helps investors look past the oil shock.

U.S. dollar, Euro, Yen and Pound banknotes are seen in this illustration taken May 4, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
Image
Futures-options traders work on the floor at the New York Stock Exchange's NYSE American (AMEX) in New York City on April 17, 2026.
A screen displays trading of the S&P 500 Index at the New York Stock Exchange (NYSE) in New York City, U.S., January 2, 2026. REUTERS/Jeenah Moon

Overview

  • Stocks pushed to fresh intraday highs on Friday after Apple jumped about 4% on stronger-than-expected results and upbeat guidance.
  • Brent crude, which surged above $120 earlier this week, eased toward roughly $108 to $111 on Friday after Iranian media said Tehran sent a new proposal to the U.S. through Pakistan.
  • President Trump said the U.S. naval blockade of Iranian ports will continue, leaving the Strait of Hormuz largely closed to oil tankers.
  • Major central banks kept interest rates unchanged this week and the U.S. 10-year Treasury yield hovered near 4.36% to 4.40% as investors weighed the inflation risk from higher energy costs.
  • Following April’s best month for the S&P 500 since 2020, investors now eye another wave of earnings and the May 8 payrolls report for signs the rally can endure an ongoing supply shock.