--- title: "S&P 500, Nasdaq Scale New Peaks Amid Strong Gains in Technology" type: "News" locale: "en" url: "https://longbridge.com/en/news/284923860.md" description: "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." datetime: "2026-05-01T16:40:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284923860.md) - [en](https://longbridge.com/en/news/284923860.md) - [zh-HK](https://longbridge.com/zh-HK/news/284923860.md) --- # S&P 500, Nasdaq Scale New Peaks Amid Strong Gains in Technology 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&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&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. ### Related Stocks - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [RSPT.US](https://longbridge.com/en/quote/RSPT.US.md) - [AAPX.US](https://longbridge.com/en/quote/AAPX.US.md) - [AAPU.US](https://longbridge.com/en/quote/AAPU.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [IXN.US](https://longbridge.com/en/quote/IXN.US.md) - [SCHG.US](https://longbridge.com/en/quote/SCHG.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [VUG.US](https://longbridge.com/en/quote/VUG.US.md) - [ARKK.US](https://longbridge.com/en/quote/ARKK.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [SKYY.US](https://longbridge.com/en/quote/SKYY.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [QQWZ.US](https://longbridge.com/en/quote/QQWZ.US.md) - [MGK.US](https://longbridge.com/en/quote/MGK.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [IGV.US](https://longbridge.com/en/quote/IGV.US.md) - [AAPB.US](https://longbridge.com/en/quote/AAPB.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) ## Related News & Research - [TV spin-off 'Star City' delves into space race from behind the Iron Curtain](https://longbridge.com/en/news/287743086.md) - [Apple Just Expanded iPhone Driver's License Feature to 14th U.S. State](https://longbridge.com/en/news/287800846.md) - [Hold Off on Purchases, Students: Apple's Back to School Sale Is Coming Soon](https://longbridge.com/en/news/287955351.md) - [17:58 ETPrismML Releases Bonsai Image 4B](https://longbridge.com/en/news/287684499.md) - [Apple’s newest iPad Air is up to $100 off for the first time](https://longbridge.com/en/news/287824846.md)