S&P 500 Hits Record on Oil Drop and Apple (AAPL) Shares Surge

The S&P 500 reached a record high as trading began in May, coinciding with a decline in oil prices. Apple (AAPL) shares contributed to market momentum with notable gains. In related updates, Blue Owl Capital (OWL) reported a near 10% increase in its stock after announcing a significant profit from SpaceX, while Avis (CAR) experienced volatility despite an earnings beat, affected by substantial share sales from Pentwater Capital Management. Analysts predict a challenging environment for CAR given elevated short interest and trading dynamics.