{"id":126556,"date":"2026-05-01T17:50:00","date_gmt":"2026-05-01T13:50:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=126556"},"modified":"2026-05-01T19:22:50","modified_gmt":"2026-05-01T15:22:50","slug":"wall-street-rides-high-apple-soars-3-reddit-skyrockets-17-as-sp-500-and-nasdaq-carve-fresh-records","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wall-street-rides-high-apple-soars-3-reddit-skyrockets-17-as-sp-500-and-nasdaq-carve-fresh-records\/05\/01\/market-updates\/","title":{"rendered":"Wall Street Rides High: Apple Soars 3%, Reddit Skyrockets 17% as S&amp;P 500 and Nasdaq Carve Fresh Records"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Futures edge higher:<\/strong> S&amp;P 500 futures gained 0.1% to 7,250.75, Dow Jones futures rose 0.14% to 49,907.0, while Nasdaq 100 futures slipped 0.13%.<\/li>\n\n\n\n<li><strong>Records shattered Thursday:<\/strong> The S&amp;P 500 closed up 1% above 7,200 for an all-time high, the Nasdaq Composite added 0.9% to its own record, and the Dow surged 1.6%.<\/li>\n\n\n\n<li><strong>Apple&#8217;s banner quarter:<\/strong> Shares jumped over 3% premarket after the iPhone maker posted records for total revenue and EPS, with iPhone sales growing more than 20% for a second straight quarter.<\/li>\n\n\n\n<li><strong>Reddit explodes:<\/strong> The social media platform soared nearly 17% after first-quarter results blew past expectations, with daily active users beating estimates.<\/li>\n\n\n\n<li><strong>Resilient earnings narrative:<\/strong> Strong corporate results are helping markets brush off inflation worries and geopolitical risks tied to the Iran war.<\/li>\n\n\n\n<li><strong>Friday earnings on deck:<\/strong> Chevron, Exxon Mobil, and AutoNation are all set to report before the opening bell.<\/li>\n<\/ul>\n\n\n\n<p>U.S. stock futures climbed in premarket trading on Friday after the benchmark S&amp;P 500 and Nasdaq Composite carved out fresh record highs the day before, as investors weighed buoyant corporate earnings against persistent geopolitical risks tied to the Iran conflict.<\/p>\n\n\n\n<p>S&amp;P 500 futures inched 0.1% higher to 7,250.75 points, while Nasdaq 100 futures edged lower by 0.13% to 27,561.275 points by 05:38 ET (09:38 GMT). Dow Jones futures gained 0.14% to 49,907.0 points.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P 500 and Nasdaq Hit Record Highs on Earnings Boost<\/h2>\n\n\n\n<p>Equities finished higher on Thursday, with the S&amp;P 500 climbing 1% to a record close above the 7,200 mark, while the Nasdaq Composite gained roughly 0.9% to also clinch an all-time high. The Dow Jones Industrial Average outperformed both, jumping 1.6%.<\/p>\n\n\n\n<p>The advance came as a series of upbeat results from major companies reinforced optimism around corporate profitability, helping markets brush off lingering concerns about inflation and geopolitical risks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Apple and Reddit Steal the Spotlight<\/h2>\n\n\n\n<p>In premarket trading, Apple shares rose more than 3% in the wake of its quarterly earnings report, as investors cheered signs of resilient iPhone demand and continued strength in its high-margin services business.<\/p>\n\n\n\n<p>Apple posted records for total company revenue and earnings per share, as iPhone sales grew more than 20% for a second consecutive quarter.<\/p>\n\n\n\n<p>Meanwhile, Reddit shares rocketed nearly 17%, propelled by stronger-than-expected first-quarter results, with daily active users coming in well above estimates.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Earnings Parade Continues<\/h2>\n\n\n\n<p>Investors also looked ahead to the next wave of corporate results, with companies including Chevron Corp, Exxon Mobil, and AutoNation Inc all set to report before Friday&#8217;s opening bell.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Futures edge higher: S&amp;P 500 futures gained 0.1% to 7,250.75, Dow Jones futures rose 0.14% to 49,907.0, while Nasdaq 100 futures slipped 0.13%. Records shattered Thursday: The S&amp;P 500 closed up 1% above 7,200 for an all-time high, the Nasdaq Composite added 0.9% to its own record, and the Dow surged 1.6%. Apple&#8217;s &hellip;<\/p>\n","protected":false},"author":9,"featured_media":82387,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,37,36],"tags":[],"class_list":["post-126556","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=126556"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126556\/revisions"}],"predecessor-version":[{"id":126557,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126556\/revisions\/126557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/82387"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=126556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=126556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=126556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}