# The Standard & Poor’s 500 rallied 1% and topped its prior all-time high.

*business · news · 2026-04-30 · Los Angeles Times*

## Key points

- Alphabet's quarterly profit nearly doubled analysts’ expectations, driven by AI investments across its business.
- Iran has closed the Strait of Hormuz to oil tankers, while a U.S. Navy blockade targets Iranian oil exports.
- Meta's stock dropped 8.7% despite strong earnings due to increased forecasts for AI-related capital spending.
- The S&P 500 posted its best month in over five years, topping its previous all-time high.
- Oil prices for June Brent briefly exceeded $126 per barrel amid Middle East disruptions before retreating.

**Companies:** Alphabet, Caterpillar, Meta Platforms, Microsoft, Amazon
**Countries:** United States, Iran, United Kingdom, Germany, France, Japan, China

[Read the full story on Los Angeles Times](https://www.latimes.com/business/story/2026-04-30/u-s-stocks-rally-to-finish-of-their-best-month-since-2020)

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