S&P 500 closes above 7,200 for first time, marking best monthly gain since 2020

The S&P 500 surged 1.02% to close at a record 7,209.01, surpassing the 7,200 level for the first time ever. April saw the index gain 10.4%, its best monthly performance since November 2020, driven by strong earnings and easing geopolitical tensions. Futures indicate a slightly higher open as investors anticipate upcoming earnings reports and manufacturing data. This rally reflects a robust market recovery after earlier geopolitical shocks related to the Iran war.