Stocks Surge on Earnings, Oil Eases

0:00It's May 2nd. This is Global News Today, AI-powered stories from around the world. US Docs Mashed More Records, Friday, powered by killer earnings from giants like Apple and Estee Lauder beating Wall Street forecasts. Easing oil prices gave a boost too, stedding markets worldwide even on May Day holidays. The S&P 500 rose 0.3% to a fresh all-time high, capping its fifth straight winning week, the longest streak since 20. 24. Nasdaq jumped 0.9% to its own record while the Dow slipped 0.3%. Apple stole the show, surging 3.3% after stronger than expected profits and sales, pulling the whole S&P higher as one of the market's heavyweights. Over 84% of reporting S&P companies top estimates so far, setting up about 15% profit growth year over year. Estee Lauder climbed 3.4% on China's strength in upbeat forecasts. Sand discs soared 8.3% from data center.

1:02Demand and Colgate-Palmolive gained 2.2% despite warnings of shaky macro conditions. Oil's wild ride from the Iran War eased Friday with Brent Crew dropping 2% to $100 $8.17 a barrel, helping bonds and stocks. Sales dipped, manufacturing softened a bit, and as earnings keep rolling in strong, investors eye the next moves amid global tensions.