US Stocks Added $8.1 Trillion in April, Best Month Since 2020

The S&P 500 added $8.1 trillion in market value during April, marking its strongest month since 2020. The index gained 14.2% from its March 30 low, while the Nasdaq Composite rose 15.29%, driven primarily by gains in technology stocks.

Tech leaders surged throughout the month: Intel (INTC) doubled in value for its best month in 55 years, Advanced Micro Devices (AMD) jumped 74%, Micron Technology (MU) climbed 53%, and Broadcom (AVGO) gained 35%. Alphabet (GOOGL) finished April up 34%, Amazon (AMZN) gained 27%, and Meta Platforms (META) ended higher by nearly 7% despite a Thursday decline. April's rally occurred amid headwinds including Brent crude climbing above $125 per barrel and US economic growth slowing to 2% annualized in Q1, below the expected 2.2%.