S&P 500 rises to record to kick off May trading as oil falls, Apple shares jump: Live updates

Traders work on the floor of the New York Stock Exchange during morning trading on May 01, 2026 in New York City. Michael M. Santiago | The S&P 500 rose to a fresh all-time intraday high on Friday, boosted by Apple shares, while oil prices fell as a new month of trading got underway. The broad market index was last up 0.6%. The Nasdaq Composite added 1.1% and had also scored a new all-time high. The Dow Jones Industrial Average hovered around the flatline. Shares of Apple climbed more than 4% after the consumer tech giant posted a fiscal second-quarter earnings and revenue beat . Not only that, the company's revenue outlook for the current quarter was better than expected, overshadowing the fact that iPhone revenue fell short of estimates for the second time in three quarters. On the flip side, oil prices fell after Iran reportedly sent its response through Pakistani mediators to the latest U.S. amendments to a draft agreement to end the Middle East conflict. President Donald Trump revealed later Friday he is displeased with a new peace offer from Iran, saying that the country "wants to make a deal, but I'm not satisfied with it." Oil prices were off their lows of the day following that development. U.S. West Texas Intermediate crude futures fell 3% to trade above $101 a barrel. International benchmark Brent crude futures slid 2% to above $108 a barrel. …