Microsoft · Broadcom · Amazon · Meta · CNBC Technology
Tech stocks close out best month since start of Covid pandemic in 2020
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The tech-heavy Nasdaq Composite climbed 15.29% in April, its biggest monthly gain since the start of the Covid pandemic in April 2020.
Key facts
The tech-heavy Nasdaq Composite climbed 15.29% in April, its biggest monthly gain since the start of the Covid pandemic in April 2020
Alphabet surged 10 % after earnings, climbing 34% this month
Meta fell 9% Thursday after announcing an increase in its capex spend, but still gained nearly 7% for the month
Shares of Amazon rose 27% in April, while Broadcom gained 35%
Summary
Earnings for big tech this week have boosted the sector, with Alphabet, Amazon and Microsoft all beating expectations for revenue and cloud growth. Alphabet surged 10 % after earnings, climbing 34% this month. Meta fell 9% Thursday after announcing an increase in its capex spend, but still gained nearly 7% for the month. Shares of Amazon rose 27% in April, while Broadcom gained 35%.