S&P 500 Approaches All-Time High with Strong April Performance and Major Tech Companies Increase Capital Spending
The S&P 500 and Nasdaq are on track for their best monthly performance since 2020, with the S&P 500 up over 10% and the Nasdaq up more than 15% in April. Lower oil prices and bond yields contributed to the rally. Major tech companies, including Alphabet, Amazon, Microsoft, and Meta, have increased their full-year capital expenditure guides, committing to a total of at least $695 billion, a 14% increase from previous estimates.
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Topics: AI investment bond yields capital expenditures hyperscalers Nasdaq oil prices S&P 500 stock market performance