US Stocks Rise to New Records
2026-05-01 13:32
By
Andre Joaquim
1 min. read
US equities were higher as markets looked past the prolonged disruption of oil exports from the Middle East and focused on corporate earnings.
The S&P 500 and the Nasdaq 100 rose 0.5% to new records, and the Dow was firmly in the green.
Apple gained 3% after reporting strong earnings and outlook, supported by sales of its newest iPhone and a robust performance in China.
Energy majors were also in the spotlight with both ExxonMobil and Chevron edging higher after reporting their first-quarter numbers, exceeding profit expectations.
Meanwhile, Meta halted its selloff and Nvidia gained over 1% as markets continued to gauge whether signals of higher AI spending are grounded on demand growth, evidenced my a mixed earnings momentum for hyperscalers.
AI investment had carried the US GDP in the first quarter, per the latest data, offsetting signs of slowing private consumption.