S&P 500 and Nasdaq reach record highs following strong corporate earnings reports

May 1, 2026, 8:19:07 PM UTC(16 hours ago)

Impact: Medium

Affected Assets

The Nasdaq Composite surpassed the 25000 milestone for the first time as tech shares led a broad market rally
Aggregate first-quarter earnings growth for the S&P 500 is now projected at 27.8 percent year-on-year following a week of dominant megacap results
Apple shares surged over 4 percent after reporting fiscal second-quarter revenue of 111.2 billion dollars and a record 30.98 billion dollars in services revenue
Markets successfully offset concerns regarding Middle East oil supply shocks and inflation staying above 3 percent to secure a fifth consecutive weekly gain
Economic data revealed the U.S. economy grew by 2.0 percent in the first quarter of 2026 while jobless claims hit their lowest levels since 1969

Strong earnings see S&P 500, Nasdaq end higher for fifth straight week 📈 https://t.co/17mGkk9Bbm