<div id="readability-page-1" class="page">12:40 PM EDT, 05/01/2026 (MT Newswires) -- US equity indexes rose after midday Friday, with technology and consumer discretionary helping push the S&amp;P 500 and Nasdaq Composite to record highs, while crude oil futures slumped.The Nasdaq Composite jumped 1.2% to 25,190.1, with the S&amp;P 500 up 0.7% to 7,257.3. The Dow Jones Industrial Average leaned slightly higher to 49,665.2.Energy was the standout decliner after Iran offered a revised peace plan.Tehran delivered a new proposal to the US while President Donald Trump vowed to maintain a naval blockade, Bloomberg reported Friday. Tehran relayed its latest position to Washington via Pakistan, which mediated a first round of direct negotiations last month, Bloomberg reported, citing Iran's state-run Islamic Republic News Agency.West Texas Intermediate crude oil futures dropped 3.5% to $101.36, and Brent crude futures fell 2.3% to $107.91.In company news, Apple ( AAPL ) jumped 4.6%, the Dow's top gainer, after the iPhone manufacturer overnight reported a year-over-year surge in fiscal Q2 earnings and revenue. Apple's ( AAPL ) board also raised its quarterly dividend and approved an additional share buyback program of up to $100 billion. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

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US equity indexes, led by technology and consumer discretionary sectors, reached record highs on May 1, 2026, with the Nasdaq Composite rising 1.2% to 25,190.1 and the S&P 500 up 0.7% to 7,257.3. Apple (AAPL) was the top gainer, increasing 4.6% after reporting strong fiscal Q2 earnings and announcing a $100 billion share buyback. Meanwhile, crude oil futures fell significantly, with West Texas Intermediate down 3.5% to $101.36 amid geopolitical tensions following Iran's revised peace proposal to the US.

- US equity indexes advanced on May 1, 2026, with the S&P 500 and Nasdaq Composite reaching record highs, driven by technology and consumer discretionary sectors.  
- Crude oil prices fell significantly, with West Texas Intermediate dropping 3.5% to $101.36 amid new developments in US-Iran relations, including a revised peace proposal from Tehran.  
- Apple Inc. saw a 4.6% increase in its stock price after announcing higher fiscal Q2 earnings and a new share buyback program.

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