US Stocks Hit Record Close as April Posts Best Monthly Gain in Six Years
US equity markets closed at fresh all-time highs on Friday, May 1, with the S&P 500 rising 0.
Posts by Ulysses Cornelius
Apple Earnings Fuel S&P 500 Record High as Oil Drops on Iran Peace Signals
As of 11:30 a.m. ET on May 1, 2026. TL;DR * Apple crushed Q2 FY2026 expectations with $111.
Exxon and Chevron Beat Estimates but Profits Sink as Iran War Hammers Oil Supply
TL;DR Exxon Mobil (XOM) and Chevron (CVX) both topped Q1 2026 analyst estimates on Friday, but net income fell
War Powers Deadline Day: Trump Claims Iran War 'Terminated' as Updated Peace Proposal Drops Oil Below $101
As of approximately 11:00 a.m. ET on Friday, May 1, 2026. TL;DR Iran delivered a revised peace
Fed Hawks Drop Rate-Cut Signal as Input Prices Hit 4-Year High and Stocks Set Records
As of approximately 10:45 a.m. ET on Friday, May 1, 2026. TL;DR Three Federal Reserve regional presidents
Japan Intervenes in Yen for First Time in Two Years as Iran War Oil Shock Bites
TL;DR Japan intervened in the currency market on Thursday, spending an estimated $34.5 billion to support the yen
Fed Splits on Rate Outlook: Three Hawkish Dissents Signal No Cuts in 2026
TL;DR The Federal Reserve held rates steady at 3.5%-3.75% at its April 29-30 meeting, but the
Iran Sends Peace Proposal to US via Pakistan: Oil Backs Off $126 War High
TL;DR Iran submitted a new peace proposal to the United States via Pakistani mediators on Friday morning, Iranian state
Iran Sends Peace Proposal Response: Oil Retreats From 4-Year Highs as Hormuz Talks Resume
TL;DR Iran sent a formal response to a US draft peace agreement through Pakistani mediators on the morning of
Iran Blockade Extended, UAE Exits OPEC: What the Dual Oil Shock Means for Traders
TL;DR On May 1, 2026, two major oil market developments converged. President Trump formally vowed to maintain the US