US stocks closed their best month since 2020 at record highs as investors bet the AI boom will deliver a windfall to America’s tech behemoths.
The S&P 500 climbed 10 per cent in April — its biggest monthly jump since the November 2020 Covid-19 vaccine breakthrough — as the market rebounds from a sell-off triggered by soaring energy prices in the early weeks of the Middle East conflict.
Technology stocks have powered the comeback, sending the tech-heavy Nasdaq Composite index surging 15 per cent in April, its best month since April 2020.
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