Fueled by investor optimism that the artificial intelligence (AI) boom will drive significant earnings growth for US tech behemoths, US stocks surged to a record closing high. The market posted a remarkable 10% gain in April, marking its strongest monthly performance since November 2020. This rebound comes after an earlier market sell-off, which was triggered by soaring energy prices amid the initial stages of the Middle East conflict. However, US stocks have now successfully recovered from that downturn.
