Wall Street Hits New Records as Oil Prices Dip
On Friday, Wall Street edged closer to new record highs, with the S&P 500 rising 0.6%, building on its previous day's peak. The Dow Jones Industrial Average increased by 226 points (0.5%), while the Nasdaq composite climbed 0.7% to set its own record. Apple spearheaded the gains, surging 3.3% after exceeding analysts' expectations for profit and revenue in the latest quarter. Estee Lauder saw a 4.2% jump, driven by robust earnings and optimistic forecasts, particularly in China. Colgate-Palmolive rose 3.1% after surpassing projections, although CEO Noel Wallace cautioned about ongoing macroeconomic volatility and slower growth anticipated through 2026. Oil prices softened on Friday after earlier spikes, contributing to market stability amid uncertainties related to the Iran conflict.
Key facts
- S&P 500 rose 0.6% to add to all-time high
- Dow Jones rose 226 points (0.5%)
- Nasdaq composite added 0.7% to its record
- Apple rose 3.3% on stronger profit and revenue
- Estee Lauder climbed 4.2% on better earnings, raised forecasts
- Colgate-Palmolive added 3.1% on better results
- CEO Noel Wallace expects volatile conditions through 2026
- Oil prices eased after earlier spurts due to Iran war uncertainty
Entities
Institutions
- Apple
- Estee Lauder
- Colgate-Palmolive
- S&P 500
- Dow Jones Industrial Average
- Nasdaq composite
Locations
- United States
- China
- Iran