Apple Tops $111 Billion in Sales Thanks to iPhone 17

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Katherine Sullivan· Host0:29

[upbeat music] Here's your closing bell brief for Thursday, April thirtieth. I'm Katherine Sullivan for the Wall Street Journal. The S&P five hundred and Nasdaq reached new record highs today and posted their best monthly performance since twenty twenty. The Nasdaq rose point nine percent to end April with a roughly fifteen percent gain. The S&P five hundred climbed one percent as broad market gains followed tech earnings, and the Dow jumped one point six percent. Investors balanced strong corporate results against news of slowing consumer spending. Among individual companies, Caterpillar shares jumped more than ten percent. The company raised its annual outlook due to high demand for data center construction. Shares of Google parent Alphabet rose ten percent after the company reported a boom in its cloud business. Artificial intelligence growth helped it see an eighty-one percent jump in profit. Qualcomm shares surged fifteen percent. The semiconductor maker