{"id":49078,"date":"2026-05-03T11:35:11","date_gmt":"2026-05-03T11:35:11","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/05\/03\/dow-slips-152-pts-as-sp-500-hits-record-high-apple-lifts-nasdaq-2\/"},"modified":"2026-05-03T11:35:11","modified_gmt":"2026-05-03T11:35:11","slug":"dow-slips-152-pts-as-sp-500-hits-record-high-apple-lifts-nasdaq-2","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/05\/03\/dow-slips-152-pts-as-sp-500-hits-record-high-apple-lifts-nasdaq-2\/","title":{"rendered":"Dow slips 152 pts as S&P 500 hits record high, Apple lifts Nasdaq"},"content":{"rendered":"
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US equities ended Friday on a mixed note, with the S&P 500 and Nasdaq Composite extending their record-setting run, while the Dow Jones Industrial Average lagged as investors weighed strong earnings against geopolitical uncertainty and easing oil prices.<\/p>\n

The S&P 500 rose 0.3% to a fresh intraday and closing high, while the Nasdaq Composite gained 0.9%, also reaching a new record. <\/p>\n

In contrast, the Dow fell 153 points, or 0.3%, underperforming its peers.<\/p>\n

The latest moves cap a strong period for equities, with both the S&P 500 and Nasdaq posting their strongest monthly gains since 2020. <\/p>\n

The Dow also recorded its best monthly performance since November 2024, underscoring the broader strength in markets despite ongoing global risks.<\/p>\n

Apple leads tech rally, lifts broader market<\/h2>\n

Gains in technology stocks were led by Apple, which climbed more than 3% after delivering better-than-expected fiscal second-quarter earnings<\/a> and revenue. <\/p>\n

The company also issued a stronger-than-expected outlook for the current quarter, helping offset concerns over weaker iPhone sales, which missed estimates for the second time in three quarters.<\/p>\n

Apple\u2019s performance provided a significant boost to the broader market, particularly the Nasdaq, as investors continued to reward companies showing resilience in earnings and forward guidance.<\/p>\n

The strength in tech was echoed across other major names. <\/p>\n

Several companies within the so-called \u201cMagnificent Seven\u201d reported earnings during the week, with investors closely monitoring whether heavy artificial intelligence investments are beginning to translate into returns.<\/p>\n

Beyond mega-cap tech, corporate earnings more broadly have surprised to the upside. <\/p>\n

According to LSEG data, analysts now expect first-quarter earnings growth of 27.8% year-on-year, marking the strongest expansion since the fourth quarter of 2021. <\/p>\n

Of the 314 companies that have reported so far, 83% have beaten earnings estimates, while 78% have exceeded revenue forecasts.<\/p>\n

Oil prices ease amid Iran developments<\/h2>\n

Oil prices declined during the session, providing additional support to equities, as markets reacted to signs of renewed diplomatic engagement between the United States and Iran.<\/p>\n

US West Texas Intermediate crude futures fell 2.98% to settle at $101.94 per barrel, while Brent crude dropped 2.02% to $108.17. <\/p>\n

Prices had earlier fallen further before paring losses after comments from President Donald Trump.<\/p>\n

The decline followed reports that Iran had submitted a response through Pakistani mediators to a US proposal aimed at ending the ongoing conflict. <\/p>\n

However, Trump later expressed dissatisfaction with the offer, stating that Iran \u201cwants to make a deal, but I\u2019m not satisfied with it.\u201d<\/p>\n

The conflict has disrupted shipping through the Strait of Hormuz, a critical energy corridor, contributing to volatility in oil markets and raising concerns about inflation and global supply chains.<\/p>\n

Strong earnings and outlook support equities<\/h2>\n

Despite geopolitical headwinds, the broader outlook for equities remains constructive, supported by robust earnings growth and improving investor sentiment.<\/p>\n

Economic data released during the week showed US factory activity expanding for a fourth consecutive month, although inflation pressures remain a concern, with the prices-paid component reaching its highest level in four years.<\/p>\n

As markets enter May, a period historically associated with weaker returns, investors are weighing seasonal trends against current momentum. <\/p>\n

Since 1945, the S&P 500 has averaged gains of about 2% from May through October, compared with around 7% from November through April.<\/p>\n<\/p>\n

The post Dow slips 152 pts as S&P 500 hits record high, Apple lifts Nasdaq<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

US equities ended Friday on a mixed note, with the S&P 500 and Nasdaq Composite extending their record-setting run, while the Dow Jones Industrial Average lagged as investors weighed strong earnings against geopolitical uncertainty and easing oil prices. The S&P 500 rose 0.3% to a fresh intraday and closing high, while the Nasdaq Composite gained <\/p>\n","protected":false},"author":1,"featured_media":49079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-49078","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/49078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=49078"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/49078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/49079"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=49078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=49078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=49078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}