Major US Indices Post Largest Monthly Gains in Years
US stocks rose as solid earnings offset oil supply concerns. The S&P 500 and Nasdaq logged their best monthly gains in years amid steady economic growth.
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The United States S&P 500 rose 1.04% and the Nasdaq gained 0.90% on April 30, marking their largest monthly advances in years. Strong corporate earnings from tech and industrial sectors countered a war-related energy shock that pushed crude prices to four-year highs. Investors are weighing robust 2.0% economic growth against persistent 3% inflation that complicates the Federal Reserve's path toward rate cuts.
