S&P 500 Hits Record High as Apple Jumps 3% on Earnings Beat

U.S. stocks ended mixed on May 4 with the S&P 500 settling at a fresh record high of 7,230.12 (+0.29%) and Nasdaq advancing 0.89% to 25,114.44, fueled by Apple's 3% surge after beating fiscal Q2 estimates amid ongoing market greed (CNN Fear & Greed at 66.6). This caps a strong rebound from April 7's muted session—S&P 500 +0.08% to 6,616.85, Dow -0.18%—when Apple slid on foldable iPhone delay fears later eased by Bloomberg's September launch confirmation. May 1's broad rally (S&P +1.02%, Dow +1.62%, Nasdaq +0.89%) was propelled by earnings, solid GDP data, and receding Iran tensions, highlighting improved risk appetite.