April Was the Best Month for the Market Since 2020. Here's What's Driving It.
Source: Motley Fool
2026-05-02 08:00:00 ET
The S&P 500 index climbed about 10.5% in April, making it the best month for the market since 2020.The index hit a new all-time high on the last trading day of the month, despite ongoing uncertainty and economic drag from the conflicts in the Middle East. So, what sent the market soaring in April?
Two words: Artificial intelligence (AI).
More specifically, it's the massive AI build-out underway in the U.S., including some $670 billion in AI capital expenditures by hyperscalers this year. (Some analysts predict it could be much higher -- UBS expects the final AI spending figure for 2026 to be closer to $770 billion.)
Dominion Energy Inc.
NASDAQ: D
D Trading
9.94% G/L:
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11,796,295 Volume:
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D Latest News
May 18, 2026 09:08:00 am
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NextEra Energy and Dominion Energy to Combine, Creating the World's Largest Regulated Electric Utility Business and North America's Premier Energy Infrastructure Platform Benefiting CustomersMay 16, 2026 04:05:00 pm
Duke vs. Dominion: Which Dividend-Paying Utility Stock Pays You Better in the Long Run?D Stock Data
$54,607,754,064
845,374,144
0.03%
815
N/A
Regulated Utilities
Utilities
US
Richmond
