U.S. stocks rally to the finish of their best month since 2020, even as oil prices whipsaw

NEW YORK — The U.S. stock market reached new records Thursday as profits surged for Alphabet, Caterpillar, and other major companies. The Standard & Poor’s 500 index rallied 1% to surpass its prior all-time high, closing out its best month in over five years. The Dow Jones industrial average jumped 790 points, while the Nasdaq composite hit a record high after Alphabet led gains of 10% due to profit reports that nearly doubled analyst expectations.

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