The benchmark index opened May at a fresh high after a strong April, when both the S&P 500 and Nasdaq Composite posted their best monthly gains since 2020.
The S&P 500 closed at a new record at the start of May, supported by easing oil prices and gains in Apple shares. The move followed a strong April, when both the S&P 500 and the Nasdaq Composite recorded their best monthly performance since 2020. The update points to continued strength in major U.S. equity benchmarks, with lower energy prices helping sentiment while a large technology stock contributed to index gains.