Apple Rides iPhone Strength to Record Quarter, Reddit Sales Surge 69%

Market update for Friday May 1, 2026Check out the Public app for incredible investing tools and to support the show (LINK)Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.In today’s episode:Stocks wrapped up their best month since 2020 (S&P 500 up 10%, Nasdaq up 15% in April)PCE inflation hits 3.5%, the highest since 2023, driven by rising oil prices from the Iran warApple reports a monster quarter thanks to iPhone 17 lineupAnthropic in talks to raise money at a $900 billion valuationReddit stock pops after revenue jumps 69% and profits soar nearly 8xRoblox gets crushed after child safety measures slow user growthSaudi Arabia pulls funding from LIV Golf