economy
April 30, 2026
S&P 500 heads for its best month since 2020
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- The S&P 500 and Nasdaq rallied, with both indexes on track for their best months since 2020.
- Lower oil prices and bond yields contributed to the stock surge.
- Alphabet, Amazon, Microsoft, and Meta collectively increased their 2024 capital expenditure guidance to at least $695 billion for AI investments.
- Alphabet's shares surged, while Meta's stock fell despite increased spending.
- Apple is set to report earnings, with attention on its CEO succession and AI strategy.
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