Stocks Knock it out of the Park in April, Led by Red-Hot Chips
Jared Blikre of Yahoo Finance reports the stock market just had its best month since the pandemic rebound: Stocks knocked it out of the park in April. Wall Street’s April rebound ended the month with a scoreboard that looks more like 2020 than 2026 — and some of the details look even more like the dot-com era. The S&P 500 ( ^GSPC ) surged over 10% during the month, its best showing since November 2020, while the Nasdaq Composite ( ^IXIC ) jumped more than 15% for its best month since April 2020. The Nasdaq 100 ( ^NDX ) gained nearly 16%, its best month since October 2002. That was not the setup investors had in mind a month ago, with stocks still shaking off the shock of a major war and the bull market suddenly on defense. The rally was broad enough to pull smaller stocks along too. The Russell 2000 ( ^RUT ) climbed more than 12%, also its best month since November 2020. But the S&P 500 equal-weight index rose less than 6%, barely more than half the gain in the...