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S&P 500 and Nasdaq hit record highs as earnings surge and crude falls weekly gains
Economy
Published on 4 May 2026
Weekly win streak stretches back to October 2024
US stocks climbed to record highs as strong earnings and lower crude prices lifted the S&P 500 and Nasdaq. The rally marks the longest weekly gain streak since October 2024, defying the usual May softness. Analysts point to solid results—Q1 earnings growth of 27.8%—with 83% of companies beating estimates, keeping momentum in focus.
- S&P 500 and Nasdaq closed at record levels
- Lower crude prices helped fuel the rally
- Longest weekly gain streak since October 2024
- 83% of firms beat estimates, supporting outlook
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times