Dow futures up 200 points as Apple stock pops and oil falls

Apple stock climbed more than 3% in premarket after the company posted a quarterly earnings and revenue beat

1 min readUpdated May 1, 2026

U.S. stock futures pointed higher Friday, lifted by a rise in Apple $AAPL stock and a drop in oil prices, as trading entered a new month.

Dow Jones Industrial Average futures climbed 210 points, equivalent to a 0.4% gain. Nasdaq $NDAQ 100 futures were little changed, while S&P 500 futures edged up 0.3%.

Oil spikes as Trump says Iran will pay "many times over" for killing three US soldiers

Shares of Apple $AAPL jumped more than 3% ahead of the opening bell after the company beat Wall Street estimates for both earnings and revenue in its fiscal second quarter. Guidance for the current quarter's revenue also exceeded expectations, helping to offset disappointment over iPhone sales falling short of estimates.

Crude oil prices fell after Axios reported that Iran sent a response to Washington through Pakistani intermediaries about the latest U.S. changes to a proposed Middle East peace deal. WTI crude dropped 2% to just over $102 a barrel, while Brent fell 0.5% to just above $109.

Thursday’s trading session set a new record, as the S&P 500 passed the 7,200 mark for the first time. April was the best month for both the S&P 500 since 2020, and the Dow had its biggest monthly gain since November 2024.

Strong first-quarter corporate earnings and hopes that tensions in the Middle East will ease have pushed markets higher through 2026. Although the U.S.-Iran war caused an early setback, all three major indexes have recovered and are now well above where they started the year.

First-quarter earnings reports from Chevron $CVX and Exxon Mobil sent both oil giants' shares modestly higher before the open. International trading volumes were thin Friday, as a number of European and Asian markets remained shut for public holidays.

Dow futures up 200 points as Apple stock pops and oil falls

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