2026-05-02
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Hey listeners, it's Saturday, May 2nd.
I'm Imani Moise for The Wall Street Journal.
And this is What's News and Markets, our look at the biggest stock moves of the week and the news that drove them.
Let 's dive in. Markets extended a multi-week run of record highs,
powered by a wave of earnings showing corporate America is still minting money,
even in the face of war, higher oil prices and more cautious consumer spending.
No biggie.
Both the S&P 500 and Nasdaq finished April with their biggest monthly gain since 2020
and kicked off May by hitting fresh records.
All three major indexes finished the week higher.
The Nasdaq was up 1.1 percent, the S&P rose 0.9 percent, and the Dow inched up 0.6 percent.
Big tech is making big money on AI, but they aren't the booming industry's biggest winners.