Big Tech Titans Send Dow, S&P 500 to 8 Straight

Oil is bouncing of this week's lows

Emma Duncan

Managing Editor

May 1, 2025 at 4:24 PM

Big Tech powerhouses Microsoft (MSFT) and Meta Platforms (META) led markets higher today, increasing optimism around artificial intelligence (AI), with impressive earnings beats out of both 'Magnificent 7' members. The boost also sent chip favorites such as Nvidia (NVDA) higher, leading all three indexes to healthy session wins. The Dow and S&P 500 have now extended their daily win streaks to eight. Stocks are also eyeing weekly wins heading into Friday, quickly brushing off April's steep monthly losses.

Continue reading for more on today's market, including:

2 semiconductor stocks to buy in May
Options bears circle post-earnings McDonald's stock.
Plus, Apple's court order; how to get the best options broker; and eBay's booming options volume.

5 Things to Know Today

Per President Trump, individuals or countries who complete an oil trade or purchase with Iran will be halted from all business with the U.S. (CNBC)
Mere weeks after U.S. national security advisor Mike Waltz was embroiled in scandal after leaking war plans in a group chat, Trump is moving Waltz to the UN as the next U.S. ambassador. (Bloomberg)
Court order sinks Apple stock.
Finding the best options trading broker.
eBay earnings buzz sets options trader alight.

earnsmay1

uvolmay1

Oil Rebounds on Outperforming Tech

Tech earnings has even boosted crude, pivoting oil off its recent steep losses. For the session, June-dated West Texas Intermediate (WTI) oil added 33 cents or 0.54%, to settle at $61.39 per barrel.

Softening trade uncertainty is weighing on precious metals, sending gold futures to a two-week bottom for today. June-dated gold shed 2.9%, to settle around $3,222.20 an ounce.

Follow @Schaeffers

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!