Apple Leads Wall Street to More Records as Oil Prices Pull Back
Apple rallied 5.4% and Brent crude fell 2.2% as stronger corporate earnings lifted stocks and eased pressure on bond yields.
- Wall Street is rising toward new records Friday after Apple and Estee Lauder delivered stronger-than-expected profits for the start of the year. The Dow Jones Industrial Average gained 0.6%, while the Nasdaq composite added 0.7% to its own record.
- Corporate earnings fueled the rally, with Apple rallying 5.4% and Estee Lauder climbing 4.2% on strong China demand. Sandisk rose 4.1% on data center demand, while Colgate-Palmolive added 3.1%.
- Oil prices regressed Friday, with Brent falling 2.2% to $107.96 per barrel. The yield on the 10-year Treasury fell to 4.35% from 4.40% late Thursday, easing bond market pressure.
- Despite broader gains, Exxon Mobil shares fell 1.2% and Chevron dropped 1.3% as oil prices regressed. Softer U.S. manufacturing growth data from last month could offer the Federal Reserve more leeway to resume interest rate cuts.
- Global markets remained cautious during the May Day holiday as the Iran war and potential Strait of Hormuz closures created uncertainty. Tokyo's Nikkei rose 0.4%, while London's FTSE fell 0.6% amid fluctuating oil hopes.
62 Articles
62 Articles
The Columbian
Apple leads Wall Street to more records as oil prices pull back
NEW YORK — The U.S. stock market set more records Friday after Apple, Estee Lauder and others joined the list of companies delivering fatter profits for the start of the year than analysts had expected. Easing oil prices also helped steady the stock markets around the world that were open on the May Day holiday. Read more...
MONEY & BUSINESS: Apple leads Wall Street toward more records as oil prices pull back – One America News Network
By STAN CHOEUpdated 8:20 AM PDT, May 1, 2026 Trader Derek Orth works on the floor of the New York Stock Exchange, Thursday, April 30, 2026. (AP Photo/Richard Drew) NEW YORK (AP) — The U.S. stock market is rising toward more records Friday after Apple, Estee Lauder and others joined the list of companies delivering fatter profits for the start of the year than analysts expected. Easing oil prices are also helping to steady the stock markets aroun…
Driven by strong tech bilances and hopes for relaxation in the Middle East, the US stock exchanges continued their record-breaking hunt on Friday. S&P and Nasdaq reach new highs.
Richmond Register
union-bulletin.comWall Street climbs toward more records as oil prices give back a bit of their big jumps
The U.S. stock market is rising toward more records after Apple, Estee Lauder and other big companies became the latest to deliver fatter profits for the start of the year than analysts expected. The S&P 500 rose 0.6% Friday and…
LA Daily News
Apple leads Wall Street toward more records as oil prices pull back
The stock market is rising toward more records after Apple, Estee Lauder & other companies delivered fatter profits than analysts expected.
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