Stan Choe Updated May 4, 2026 — 8:37am , first published 5:19am US stock market set more records after Apple, Estee Lauder and others joined the list of companies delivering fatter profits for the start of the year than analysts expected. Easing oil prices also helped steady the stock markets around the world that were still open on the May Day holiday. The S&P 500 climbed 0.3 per cent to its latest all-time high and closed out a fifth-straight winning week. That’s its longest such streak since 2024. The Dow Jones dipped 152 points, or 0.3 per cent, and the Nasdaq composite added 0.9 per cent to its own record. Wall Street continues to rise despite the uncertainty of the Iran war. AP The Australian sharemarket is set to retreat, with futures on Saturday pointing to a fall of 23 points, or 0.3 per cent, at the open. The Australian dollar was trading at US71.99¢ at 5.15am AEST. Front of mind for investors this week will be the Reserve Bank’s interest rates decision on Tuesday afternoon.…