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Market Snapshot

S&P 500 7,256.75 +47.74 (+0.66%)NASDAQ 25,164.68 +272.37 (+1.09%)DJIA 49,697.76 +45.62 (+0.09%)Russell 2000 2,803.94 +4.04 (+0.14%)VIX 16.69 -0.20 (-1.18%)Gold $4,646.80 (+0.37%)Crude Oil $101.73 (-3.18%)Bitcoin $78,548 (+2.76%)

as of May 1, 2026 ~11:36 AM EDT

US Stocks Blind Guess

The tape is telling us something interesting this Sunday morning. The S&P 500 just closed at a fresh record high of 7,230 — the first time we've seen that number — while the Nasdaq hit 25,114. On the surface, that's a bullish headline.

OPEC+ Announces 188,000 Barrels-Per-Day Output Increase in First Meeting Without UAE

OPEC+ agreed to raise oil output by 188,000 barrels per day in June, the first meeting since the UAE's shock departure. The increase is slightly less than last month's 206,000 bpd raise. Oil supply has been choked since the Iran war began on February 28.

Earnings Playbook — Palantir and AMD Usher in Next Week of Reports

Palantir and Advanced Micro Devices are the marquee names kicking off next week's earnings season. The earnings calendar will be dominated by jobs data and corporate reports. Several stocks reporting next week have earnings momentum and a history of beating expectations.

Morgan Stanley Predicts Chinese Stocks Get Big AI Boost

Morgan Stanley predicts Chinese stocks are about to receive a significant AI-driven boost. The prediction comes as Alibaba and other Chinese tech companies ramp up AI investments, with analysts saying the sector is at an inflection point.

Greg Abel Rules Out Berkshire Break-Up, Stresses Continuity with Buffett's Legacy

New Berkshire CEO Greg Abel ruled out breaking up the conglomerate, stressing continuity with Buffett's legacy. He emphasized Berkshire's efficiency as a conglomerate with no layers of bureaucracy and the unique ability to move capital across groups.

U.S. Crude Oil Exports Surge to Record as Tankers Flock to Gulf Coast During Iran War

U.S. crude oil exports surged to a record as tankers flock to the Gulf Coast during the Iran war. Despite Middle East disruptions, American producers are capturing market share previously held by Iranian and other Middle Eastern exporters.

Global Week Ahead — 'Sell in May' Just a Myth

A CNBC analysis suggests the "sell in May and go away" phenomenon is just a myth, with historical data showing mixed results. The week ahead features key economic data and earnings reports that could set the tone for May trading.

UK Exports to U.S. Plunge 25% After Trump's Tariffs

UK goods exports to the U.S. fell 24.7% following Trump's "liberation day" tariff blitz. The UK is now running a trade deficit with its largest trading partner for three consecutive months.

Oil Prices Fall After Iran Sends Updated Peace Proposal to Mediators in Pakistan

Oil prices fell sharply after Iran sent an updated peace proposal through Pakistani mediators to the U.S. WTI crude dropped 2.98% to $101.94/barrel, Brent fell 2.02% to $108.17. Trump said he was "not satisfied" with Iran's offer. The 60-day War Powers deadline looms.

Apple Stock Rises After Q2 Earnings Top Estimates on Strong iPhone, China Sales

Apple reported Q2 earnings of $2.01 per share on revenue of $111.2 billion, beating estimates. Strong iPhone sales drove the beat, with iPhone revenue of $56.99 billion. Greater China revenue improved to $20.49 billion vs. expected $18.9 billion. Shares rose 5% in Friday trading.

Iran Delivers New Proposal to US as Hormuz Remains Shut

Iran delivered a new proposal to the US via Pakistan, as President Trump vows to maintain a naval blockade. The Strait of Hormuz — through which about a fifth of the world's oil flowed before the war — remains at the heart of the stalemate.

The K-Shaped Spending Trend Is Real — But It's Been Here Since 2023

Higher-income Americans have driven retail spending growth, according to new research from the New York Fed. The K-shaped spending pattern took hold in 2023 after COVID-era subsidies faded. Only high-income households showed consistent real spending growth.

Trump Says Iran Blockade 'Incredible' as Pump Prices Keep Rising

Trump defended the naval blockade of Iranian ports as pump prices surge. Brent crude initially rose to $126/barrel before settling near $114. US gas prices are at fresh highs, with California retail gasoline soaring above $6/gallon.

Markets Are Underpricing the Risk of Middle East AI Pullback, Says Tech Investor Jack Selby

Jack Selby of Thiel Capital warns that Middle East sovereign wealth funds account for roughly 25% of global AI investments over the next five years. If the Iran war drags on, diverted capital could ripple through data centers and tech companies.

Rivian Renegotiates DOE Loan Down to $4.5 Billion, Adjusts Capacity Plans for Georgia Plant

Rivian renegotiated a $6.57B DOE loan down to $4.5B and is adjusting production plans at its Georgia plant. The changes enable earlier loan draws but lower total capacity to 300,000 vehicles from 400,000. Q1 revenue of $1.38B beat estimates; net loss narrowed to $416M.

USA Rare Earth Climbs 18% — Here's What Propelled the Stock

USA Rare Earth (USAR) climbed 18% driven by growing demand for critical minerals tied to AI infrastructure, defense applications, and supply chain diversification away from China.

S&P 500 and Nasdaq Close at Record Highs to Usher in May

The S&P 500 rose to a fresh all-time intraday high, closing at 7,230.12 (+0.29%), while the Nasdaq Composite hit a record 25,114.44 (+0.89%). The Dow slipped 0.31% to 49,499.27. Apple shares rallied 3% on a Q2 earnings beat with better-than-expected revenue outlook.

Jobs and Earnings Will Dominate the First Full Week of May — Here's What's Ahead

The first full week of May will feature key economic data and earnings reports. The Mag 7 earnings season continues, along with the Fed meeting. The stock market near all-time highs will be tested by these events.

Berkshire Hathaway's Shopping Extravaganza Draws Lighter Crowds as Spotlight Shifts to Greg Abel

At the Berkshire Hathaway annual meeting in Omaha, the "Bazaar of Bargains" had noticeably thinner crowds and shorter lines compared to past years. Warren Buffett, 95, is no longer expected to headline the Q&A session.