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US stocks rise as Apple shares jump, oil prices dip

(Reuters)
1 May 2026 18:07

NEW YORK (AFP)

Wall Street stocks rose early on Friday, boosted by strong Apple results and a pullback in oil prices on hopes for new US-Iran peace talks.

Apple shares jumped more than four percent as it reported its best results ever for a March quarter.

Apple iPhone sales grew by double digits in just about every country where it does business.

About 20 minutes into trading the Dow Jones Industrial Average was up 0.3 percent at 49,774.73.

The broad-based S&P 500 gained 0.5 percent to 7,248.17, while the tech-rich Nasdaq Composite Index jumped 0.7 percent to 25,076.36.

Oil prices dipped as Iran delivered a new proposal for peace talks with the United States.

But stocks have remained resilient despite the Iran war and the closure of the Strait of Hormuz.

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