The US stock market is rising towards more records on Friday after Apple, Estee Lauder and other big companies became the latest to deliver fatter profits for the start of the year than analysts expected. Modest dips for oil prices also helped to steady the relatively few stock markets open worldwide on the May Day holiday.The S&P 500 rose 0.6 per cent and added to its all-time high set the day before. The Dow Jones Industrial Average was up 226 points, or 0.5 per cent, as of 9.35am Eastern time, and the Nasdaq composite was adding 0.7 per cent to its own record.Apple led the way and rose 3.3 per cent after the iPhone seller reported stronger profit and revenue for the latest quarter than analysts expected.
SRCSouth China Morning Post
LANGEN
LEANCenter-Right
WORDS127
FRI · 2026-05-01 · 15:10 GMTBRIEF NSR-2026-0501-73056
NSR-2026-0501-73056News Report·EN·Economic Impact
Wall Street rises towards more records as oil prices slip
US stock markets, including the S&P 500, Dow Jones Industrial Average, and Nasdaq composite, are trending higher on Friday, approaching new record highs. This upward movement is largely driven by strong first-quarter profit reports from major companies like Apple and Estee Lauder, which exceeded analyst expectations.
Associated PressSouth China Morning PostFiled 2026-05-01 · 15:10 GMTLean · Center-RightRead · 1 min
South China Morning PostFIG 01
Reading time
1min
Word count
127words
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0cited
Entities identified
0entities
Quality score
75%
§ 01
Briefing Summary
AI-generatedNEWSAR · AI
US stock markets, including the S&P 500, Dow Jones Industrial Average, and Nasdaq composite, are trending higher on Friday, approaching new record highs. This upward movement is largely driven by strong first-quarter profit reports from major companies like Apple and Estee Lauder, which exceeded analyst expectations. Apple, in particular, saw its stock rise significantly after reporting better-than-expected profit and revenue. The markets are also benefiting from a slight decrease in oil prices, which has helped stabilize global stock markets that are open on the May Day holiday. The positive earnings season is providing a key catalyst for the continued rally in US equities.
Confidence 0.85Claims 5
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Article analysis
Model · rule-basedFraming
Economic Impact
Technology
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AI-assessed
CalmNeutralAlarmist
Factuality
0.95 / 1.00
Factual
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Sources cited
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Key claims
5 extracted01
The Nasdaq composite was adding 0.7 per cent to its own record.
statistic
Confidence
1.00
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Apple rose 3.3 per cent after reporting stronger profit and revenue for the latest quarter than analysts expected.
factual
Confidence
1.00
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The Dow Jones Industrial Average was up 226 points, or 0.5 per cent, as of 9.35am Eastern time.
statistic
Confidence
1.00
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The S&P 500 rose 0.6 per cent and added to its all-time high set the day before.
statistic
Confidence
1.00
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Modest dips for oil prices helped to steady the relatively few stock markets open worldwide on the May Day holiday.
factual
Confidence
0.80
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Full report
1 min read · 127 words§ 06
Keywords & salience
10 termsstock market
1.00
corporate profits
0.90
oil prices
0.80
apple
0.80
dow jones industrial average
0.70
s&p 500
0.70
nasdaq composite
0.70
revenue
0.60
analyst expectations
0.50
may day holiday
0.40
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