S&P 500 and Nasdaq closed their best month since 2020 as investors continued to prioritize corporate earnings over oil and Iran risks


📈 Wall Street ended April 30 in the green, with the S&P 500 up 1.02%, the Nasdaq up 0.89%, and the Dow Jones up 1.62%. For April, the S&P 500 posted its strongest month since November 2020, while the Nasdaq had its best month since April 2020.
💡 The notable point is that the rally came despite sharp oil volatility linked to Iran tensions and Hormuz risks. A late-session pullback in oil helped the market temporarily look past geopolitical pressure.
🏢 The main support came from corporate earnings, especially across AI, cloud, industrials, and pharma. Alphabet, Eli Lilly, and Caterpillar rose strongly, while pressure on Meta and Microsoft showed that the market remains selective around AI investment costs.
⚠️ Short-term momentum remains positive, but medium-term risks have not disappeared. If oil stays elevated, inflation may struggle to cool quickly, keeping the Fed cautious and leaving the market vulnerable to renewed volatility in May.
#StockMarket #WallStreet
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