S&P 500 Jumps 1% to Record High, Posting Best Month Since 2020
US stocks rallied to new heights on Thursday as investors focused on resilient US economic growth and corporate earnings, while oil prices fell from a four-year high.
The S&P 500 Index gained 1% in New York, lifted by 10% jumps in giants Alphabet Inc. and Eli Lilly & Co.. The gauge notched a 10% monthly gain, its biggest since November 2020.