Stock Market Today: Major Indexes Rise as Oil Falls; S&P 500, Nasdaq Set New Records; Apple Shares Gain on Results, Rosy Outlook
Major US stock indexes rose on Friday, with the S&P 500 and Nasdaq Composite setting new records, after a strong April for the markets. Apple's shares jumped 4% following the company's better-than-expected quarterly results and rosy outlook.
US stock indexes rose on Friday, with the S&P 500 and Nasdaq Composite reaching new highs. The Nasdaq, S&P 500, and Dow Jones Industrial Average advanced 0.8%, 0.6%, and 0.4%, respectively. The indexes had their best month in years, with the Nasdaq rising over 15%, the S&P 500 up more than 10%, and the Dow adding over 7%. Apple's shares surged 4% after the company reported better-than-expected quarterly results and issued a positive outlook. Other notable post-earnings moves included Roblox shares plummeting 17% and Reddit surging 9%. Oil prices fell, with West Texas Intermediate futures declining 4.9% to $99.85 a barrel, following a report that Iran sent a response to US peace agreement draft amendments.
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