US equities were higher as markets looked past the prolonged disruption of oil exports from the Middle East and focused on corporate earnings. The S&P 500 and the Nasdaq 100 rose 1% to new records, and the Dow was up 0.5%. Apple gained 3% after reporting strong earnings and outlook, supported by sales of its newest iPhone and a robust performance in China. Energy majors were also in the spotlight with both ExxonMobil and Chevron edging higher after reporting their first-quarter numbers, exceeding profit expectations. Meanwhile, Meta halted its selloff and Nvidia gained over 1% as markets continued to gauge whether signals of higher AI spending are grounded on demand growth, evidenced my a mixed earnings momentum for hyperscalers. AI investment had carried the US GDP in the first quarter, per the latest data, offsetting signs of slowing private consumption.