
S&P 500 Opens May at a New All-Time High — April Closes as Wall Street’s Best Month in Five Years
Apple delivered. Oil pulled back. The index hit a record. But the data underneath the rally is sending signals that deserve more attention than the ticker. Wall Street closed out April with its strongest monthly performance in five years and opened May the same way — with the S&P 500 pushing to a fresh all-time high on Friday, May 1, as Apple’s record quarterly earnings and a pullback in oil prices combined to extend a rally that has been building since early April. The S&P 500 gained 10.4% in April — its best month since November 2020. The Nasdaq Composite rose 15.3%, its best month since April 2020. The Dow Jones Industrial Average also gained. Ten of eleven S&P sectors closed Thursday in positive territory. The only sector that did not participate was technology, which slipped modestly after leading the prior session’s gains — a rotation rather than a reversal. Friday’s session extended those gains. The catalyst was Apple, which reported quarterly revenue of $111.2 billion on April 30 — a March quarter record — alongside a $100 billion share buyback authorization and guidance for continued double-digit revenue growth in the current quarter. Apple stock jumped approximately 3% in extended













































