# The S&P 500 is on course for its best month since November 2020.

*semiconductor · news · 2026-04-30 · NDTV Profit*

## Key points

- The S&P 500 is set for its best month since November 2020, gaining over 9% in April.
- Relative strength in equities has reached overbought levels, suggesting vulnerability to a reversal.
- The US Navy will maintain a blockade of Iranian ports, keeping the Strait of Hormuz closed.
- US business equipment orders and new residential construction both jumped in March, signaling strong economic activity.
- Bill Ackman's Pershing Square USA Ltd. fell 18% on debut despite raising $5 billion in its IPO.

**Companies:** Apple Inc., Tesla Inc., Nvidia, Seagate Technology Holdings Plc, Starbucks Corp., Robinhood Markets Inc.
**Countries:** United States, Iran

[Read the full story on NDTV Profit](https://www.ndtvprofit.com/markets/wall-street-highlights-nasdaq-gains-s-11428567)

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