The Markets (as of market close April 30, 2019)
As April came to a close, each of the benchmark indexes listed here posted strong monthly returns. In fact, for several of the indexes, April brought to a close the best four-month stretch in many years. Both the Nasdaq and S&P 500 reached new highs during the month, as investors were encouraged by a shrinking trade deficit, favorable economic projections, low inflation, and stable interest rates. The Nasdaq led the way, nearing a monthly gain of almost 5.0%, followed by the large caps of the S&P 500, the small caps of the Russell 2000, the Global Dow, and the Dow, which gained over 2.5% for the month. During April, consumers saw gas prices climb as oil prices continued to soar.
By the close of trading on April 30, the price of crude oil (WTI) was $63.42 per barrel, up from the March 29 price of $60.19 per barrel. The national average retail regular gasoline price was $2.887 per gallon on April 29, up from the March 25 selling price of $2.623, and $0.041 more than a year ago. The price of gold dipped by the end of April, falling to $1,285.10 by close of business on the 30th, down from $1,325.70 at the end of March.
|Market/Index||2018 Close||Prior Month||As of April 30||Month Change||YTD Change|
|Fed. Funds||2.25%-2.50%||2.25%-2.50%||2.25%-2.50%||0 bps||0 bps|
|10-year Treasuries||2.68%||2.40%||2.50%||10 bps||-18 bps|
Chart reflects price changes, not total return. Because it does not include dividends or splits, it should not be used to benchmark performance of specific investments.