The S&P 500 rose to a fresh all-time intraday high on Friday, boosted by Apple shares, while oil prices fell as a new month of trading got
underway.
The Dow Jones Industrials index stumbled 152.87 points to finish Friday at 49,499.27.
The much broader index reached up 21.11 points to 7,230.12.
The tech-driven NASDAQ powered ahead 222.13 points to 25,114.44.
Shares of Apple climbed more than 3% after the consumer tech giant posted a fiscal second-quarter earnings and revenue beat. Not only that, the company’s revenue outlook for the current quarter was better than expected, overshadowing the fact that iPhone revenue fell short of estimates for the second time in three quarters.
On the flip side, oil prices fell after Iran reportedly sent its response through Pakistani mediators to the latest U.S. amendments to a draft agreement to end the Middle East conflict.
President Donald Trump revealed later Friday he is displeased with a new peace offer from Iran, saying that the country “wants to make a deal, but I’m not satisfied with it.”
Oil prices were off their lows of the day following that development. U.S. West Texas Intermediate crude futures fell 3% to trade above $101 a barrel. International benchmark Brent crude futures slid 2% to above $108 a barrel.
The moves come after a record-setting trading session, with the S&P 500 closing above the 7,200 threshold for the first time ever. That helped both the S&P 500 and NASDAQ — which also notched a new record closing high — secure their strongest monthly performances since
2020. The Dow, meanwhile, saw its strongest monthly performance since November 2024.
U.S. West Texas Intermediate crude futures fell about 3% to trade around $102 a barrel. International benchmark Brent crude futures slid 1% to above $108 a barrel.
The moves come after a record-setting trading session, with the S&P 500 closing above the 7,200-point threshold for the first time ever. That helped both the S&P 500 and NASDAQ — which also notched a new record closing high — secure their strongest monthly performances since 2020. The Dow, meanwhile, saw its strongest monthly performance since November 2024.
Prices for the 10-year Treasury lost ground, raising yields back to Thursday’s 4.39%. Treasury prices and yields move in opposite directions.
Oil prices retreated $3.12 to $101.95 U.S. a barrel.
Gold prices sank $4.50 to $4,625.10 U.S. an ounce.
