U.S. stocks strongly rallied in April, with investors shaking off geopolitical headwinds, rising inflation concerns, and intense oil volatility, thanks to exceptionally strong corporate earnings and robust economic growth. In a major turnaround from its March 30 near-correction low at 6,343 and down as much as 9.1%, the S&P 500 rebounded over 10%, marking its best monthly performance since November 2020 and first close above 7,200. The tech-heavy Nasdaq Composite surged over 15% to a new record high and strongest monthly gain since April 2020. The small-cap focused Russell 2000 also outperformed, extending its 2026 year-to-date (YTD) gain to 13.2%, well over twice the YTD gains of the major U.S. large-cap indices.