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- May 1 S&P 500 and Nasdaq Hit Record Highs as Apple Surge and Iran Peace Hopes Ignite May Rally
May 1 S&P 500 and Nasdaq Hit Record Highs as Apple Surge and Iran Peace Hopes Ignite May Rally
$AAPL $RDDT $MSFT
Mukund Mohan
May 01, 2026
Market
“While the Dallas Fed’s Trimmed Mean PCE jumped to 2.9% (the hottest since 2025), the market's focus has shifted entirely from "Macro Fears" to "Earnings Power.” 😊 😋
Historically, "Sell in May and go away" has yielded an average gain of just 2% from May to October.
The market is currently riding a "Goldilocks" wave. First-quarter earnings growth for the S&P 500 has been revised upward to 27.8%—the fastest pace in five years—allowing investors to overlook sticky inflation data and a slight deceleration in consumer spending.
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Today’s video is on Microsoft $MSFT ( ▲ 1.63% ) the software and cloud company.
