# The S&P 500 climbed 0.3% to its latest all-time high.

*business · news · 2026-05-02 · Arkansas Online*

## Key points

- Apple's quarterly profit and revenue exceeded analyst expectations, driving a 3.3% stock rally.
- 84% of S&P 500 companies reporting have topped earnings estimates, with 15% annual profit growth projected.
- Estee Lauder raised financial forecasts after beating earnings estimates, credited to strong sales in China.
- Despite strong oil profits, Exxon Mobil and Chevron stocks fell as both companies reported lower net income year-over-year.

**Companies:** Apple, Estee Lauder, Sandisk, Colgate-Palmolive
**Countries:** United States, China, Iran, Japan, United Kingdom

[Read the full story on Arkansas Online](https://www.arkansasonline.com/news/2026/may/02/stocks-beat-more-records-as-profits-top/)

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