Wall Street continued its upward trajectory on Friday, with both the S&P 500 and Nasdaq Composite indices reaching new all-time highs. This follows their strongest monthly performance in years, with market sentiment buoyed by news of Iran submitting a new negotiation proposal to Pakistani mediators.

By the midday trading session, the S&P 500 had climbed 46.01 points, or 0.64%, to 7,255.02. The Nasdaq Composite advanced 264.41 points, or 1.06%, to 25,156.73. The Dow Jones Industrial Average gained 79.08 points, or 0.16%, reaching 49,731.22. The information technology sector led the gains, rising 1.5%.

Apple Inc. saw its stock surge nearly 5% after the company reported second-quarter results after Thursday's market close that exceeded expectations across the board. The earnings report revealed Apple's revenue reached $111.18 billion, a 17% year-over-year increase, with earnings per share at $2.01, both surpassing market forecasts. Exceptionally strong demand for the iPhone 17 drove iPhone revenue to a record high of $56.99 billion. The company also announced a new $100 billion stock repurchase program.

The technology sector overall demonstrated robust performance. Salesforce.com shares rose over 3% after the company announced it will adjust its AI product revenue disclosure structure starting in fiscal year 2027, breaking it down into two main segments: Agentforce Apps and the Data Platform.

In the energy sector, Chevron Corporation's stock increased approximately 1%. The company reported adjusted first-quarter earnings per share of $1.41, beating analyst expectations of $0.95. U.S. production rose 24% year-over-year, driven by the integration of Hess assets and growth in the Permian Basin.