Daily Market Report – May 1, 2026

Market Report – May 1, 2026

International stock trading was dominated by the United States as the week came to a close. In Europe, markets were closed due to Labor Day. Accordingly, the focus was on Wall Street, where a dense reporting schedule and robust economic data supported prices.

The major indices saw moderate gains. The S&P 500 (SPX) and the Nasdaq 100 (NDX) were primarily driven by strong results in the technology and energy sectors.

At the center of attention was Apple Inc. AAPL [([Results]](https://investor.apple.com/investor-relations/default.aspx)). The company exceeded expectations with revenue of $111.2 billion (+17%) and earnings per share of $2.01 (+22%). Particularly, the services business proved to be a growth driver once again. The stock rose significantly in trading.

In the energy sector, several heavyweights reported. Exxon Mobil Corporation XOM [([Results]](https://corporate.exxonmobil.com/news/news-releases)) reported earnings of $4.2 billion, adjusted to $8.8 billion, supported by higher oil prices. The stock fell by about 1%.

Chevron Corporation CVX [([Results]](https://www.chevron.com/investors/financial-information)) also released figures. The company benefited from the higher oil price environment and reported robust cash flows as well as stable production volumes. The stock declined by 1.39% on Friday.

In the consumer goods sector, Colgate-Palmolive Company CL [([Results]](https://investor.colgatepalmolive.com/financial-information/quarterly-results)) reported stable revenue development amid persistently solid demand, while margins were under cost pressure. The stock rose by just over 2% on Friday.

From a macroeconomic perspective, a mixed signal emerged. The Institute for Supply Management reported an April Purchasing Managers' Index (ISM) of 52.7 points, indicating continued expansion in the manufacturing sector. At the same time, the price component rose significantly, indicating increasing cost pressure and persistent inflation risks. ([ISM [Original Report]](https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/))

Overall, a picture of stable US markets emerges, supported by convincing corporate numbers. At the same time, the rise in input prices in the ISM report signals that inflationary pressure on the production side remains.