S&P 500 Closes at a Fresh Record to Start May as Apple Rallies and Oil Cools
The S&P 500 rose to a new record close on Friday, kicking off May with gains as Apple’s advance helped offset broader crosscurrents, while oil prices retreated amid fresh developments tied to efforts to end the Middle East conflict.
The benchmark index added 0.3%. The Nasdaq Composite climbed 0.9% and also set a new all-time high, while the Dow Jones Industrial Average fell 153 points, or 0.3%, reflecting a more mixed tone outside big tech leadership.
Apple shares gained more than 3% after the consumer tech giant reported a fiscal second-quarter earnings and revenue beat. Its revenue outlook for the current quarter also topped expectations, helping to overshadow the fact that iPhone revenue missed estimates for the second time in three quarters.
On the commodities side, oil prices fell 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 near-term energy-risk pressure, a channel that can feed into inflation expectations and broader risk sentiment.
Still, the diplomatic track remains uncertain. 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 geopolitics in focus as markets weigh the outlook for energy prices and sentiment.
Source : Newsmaker.id
