U.S. Stock Market Surges $6 Trillion in April, S&P 500 Rises 10.4% to Record 7,173.91

In April 2026, the U.S. stock market surged more than $6 trillion in value, with the S&P 500 rising 10.4% to close above 7,173.91, its strongest monthly gain since November 2020. The Nasdaq Composite climbed 15.3% to 24,887.10, while the Dow Jones Industrial Average gained 7.1% to 49,167.79.

Alphabet (GOOGL) was among the strongest performers, gaining approximately 33% for the month following Q1 earnings of $109.9 billion. Google Cloud revenue surged 63% to $20 billion, with contracted backlog nearly doubling to $462 billion. Alphabet's market value reached above $4.6 trillion. Semiconductor stocks also rallied broadly, with Nvidia maintaining near $5 trillion in market value and Intel (INTC) recording a historic 114.1% monthly gain, its strongest performance in 55 years.