US equities extended gains to fresh peaks amid strong corporate earnings and a pullback in oil prices. The S&P 500 and the Nasdaq 100 rose 0.8% to new records, and the Dow was flat. Apple gained more than 5% 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 reporting their first-quarter numbers, exceeding profit expectations. Still, their shares were muted as Iran submitted a new agreement proposal for the US, a step in the eventual resumption of oil exports from the Persian Gulf. Meanwhile, Meta halted its selloff and Oracle jumped over 7% 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.