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The stock market just had its best month since the pandemic rebound: Chart of the Day
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.
It was another wild month for markets. Here’s what it means for you
Markets just had a month of seemingly contradictory results. The S&P 500 just had its best month in nearly six years, even though oil prices have surged back above $100 per barrel and bond yields have climbed.
Stocks are forward looking and trying to see past the war with Iran. But energy prices have spiked and borrowing costs have risen while the Strait of Hormuz, a key waterway for crude, remains effectively closed. Hereâs what to know:
The S&P 500 soared more than 10% in April and hit seven record highs after tumbling in March. It was the indexâs best month since November 2020.
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