• U.S. equities rallied in April, shaking off geopolitical concerns, oil price volatility and inflation jitters, thanks to strong corporate earnings and robust economic growth. In a dramatic turnaround from approaching the precipice of correction territory to subsequently reaching seven record closing highs, the S&P 500® gained 10%, marking its best monthly performance since November 2020.
  • The rebound was broad based, with the S&P MidCap 400® and S&P SmallCap 600® rising 8% and 10%, respectively.
  • Large-cap sector performance reversed from Q1, with Communication Services and Information Technology in the lead, up 19% and 17%, respectively. Meanwhile, S&P 500 Energy declined by 3%.dashboard-us-2026-04