Stock Market Closes April with Strong Gains, Qualcomm Rises 15% on Chip Deal
U.S. stocks closed April with record highs, led by the Nasdaq's best monthly performance since early 2020. Qualcomm surged 15% on news of a chip deal, while Caterpillar rose 9.5% after raising its full-year outlook. However, Meta and Microsoft fell due to concerns over AI spending.
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Topics: AI spending company outlooks data center construction earnings reports stock market performance stock movements