Stocks Extend April Surge to Open May

Kent Fung

"Pressure is privilege." – Anne-Sophie Mutter

Good evening,

Equities advanced this week to close out one of the best months in years. When trading closed on April 30, the S&P 500 had gained 10.4% for the month, while the Nasdaq Composite surged 15.3%. 

These gains took place despite the conflict in Iran and the situation regarding the Strait of Hormuz remaining unresolved, leaving oil prices elevated. In fact, oil prices (Brent crude) briefly spiked above the $120 mark on Th...

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