Apple's earnings contributed to the S&P 500 gapping up.
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Weekly Update with Larry Berman - May 2, 2026
Larry Berman OfficialMay 2, 2026
Larry Berman discusses the strong earnings season for the S&P 500, with expectations rising significantly. He notes that despite high valuations, the market may continue to climb as long as the labor market remains stable. He also touches on rising global interest rates and the persistent range-bound behavior of crude oil, suggesting a breakout is likely if geopolitical tensions escalate.
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Alphabet was mentioned as a big leader in the S&P 500's gap up on earnings.
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