S&P 500 and Nasdaq Reach Record Highs as Dow Falls Amid Market Divergence
The S&P 500 and Nasdaq hit record highs on May 1, 2026, driven by Apple's strong earnings and a 4.5% post-earnings jump. The Dow fell due to Amgen's 5.7% drop and new tariff headlines. The divergence is attributed to different index structures and stock weightings.
Topics: Apple Dow Jones Earnings Report Market Divergence Nasdaq 100 S&P 500