Nasdaq and S&P 500 Reach New Milestones Ahead of Berkshire Hathaway Earnings

May 01, 2026 20:27 UTC

BRK.A, BRK.B, ^IXIC, ^GSPC

Short term

Major U.S. indices continued their upward trajectory on Friday, with the Nasdaq and S&P 500 hitting historic levels. Investors are now shifting focus to Warren Buffett's Berkshire Hathaway, which is scheduled to release its earnings report this Saturday.

Nasdaq and S&P 500 hit historic highs
Berkshire Hathaway earnings report due Saturday
Nasdaq Composite dominated major index gains
Market focus shifting to Buffett's portfolio insights

The U.S. equity markets maintained strong momentum on Friday, with the Nasdaq Composite and S&P 500 reaching historic milestones. The Nasdaq led the gains among the major benchmarks, reflecting continued investor appetite for growth-oriented assets. This rally comes as market participants prepare for a significant weekend update from one of the world's largest investment vehicles. Berkshire Hathaway, the conglomerate led by Warren Buffett, is set to report its earnings results on Saturday. Analysts and traders will be closely monitoring the report for insights into Berkshire's current cash position and any strategic shifts in its massive equity portfolio. The timing of the release follows a period of sustained strength in the broader indices. While the record-breaking performance of the S&P 500 and Nasdaq suggests a prevailing bullish sentiment, the upcoming Berkshire data may provide a critical perspective on market valuations from the perspective of the 'Oracle of Omaha.'