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US equities rallied to close out their best month since 2020, led by tech-driven gains tied to AI demand. The Dow Jones Industrial Average surged over 750 points, while the S&P 500 rose above 7,200 for the first time and the Nasdaq Composite notched

2026-05-01

US equities rallied to close out their best month since 2020, led by tech-driven gains tied to AI demand. The Dow Jones Industrial Average surged over 750 points, while the S&P 500 rose above 7,200 for the first time and the Nasdaq Composite notched a record close. Big Tech earnings highlighted sustained AI spending, though results were mixed across major firms. Economic data showed March inflation rising 0.7% month-on-month, with jobless claims falling to 189,000, reinforcing resilience in the US economy.

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