U.S. stock markets recorded their best month since 2020 and manufacturing continued to grow, despite inflationary pressures from the Iran conflict that hurt earnings for oil giants Exxon Mobil and Chevron. The rally was led by the technology sector, with Apple, Atlassian, Sandisk, and Western Digital all reporting soaring profits fueled by strong sales and the ongoing AI boom. This positive corporate news was contrasted by discount carrier Spirit Airlines, which is preparing to cease operations after a government bailout deal collapsed.  

A news podcast encapsulating the most salient market news, brought to you by Finextra Pro and powered by Communify.

Open Finextra Pro now!