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May 1, 2026

Stocks rally to the finish of their best month since 2020

By STAN CHOE
AP Business Writer

NEW YORK — The U.S stock market motored to more records Thursday as profits keep piling up for Alphabet, Caterpillar and other big businesses. The gains came after the latest whipsaw moves for oil prices, which surged toward their highest levels since the war with Iran began only to quickly regress.

The S&P 500 rallied 1% and topped its prior all-time high to close out its best month in more than five years. The Dow Jones Industrial Average leaped 790 points, or 1.6%, while the Nasdaq composite climbed 0.9% to its own record.


 
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