Tech stocks close out best month since start of Covid pandemic in 2020

The tech-heavy Nasdaq Composite climbed 15.29% in April, its biggest monthly gain since the start of the Covid pandemic in April 2020. Earnings for big tech this week have boosted the sector, with Alphabet, Amazon and Microsoft all beating expectations for revenue and cloud growth.Alphabet surged 10% after earnings, climbing 34% this month. It's the company's best month since October 2004, the year it went public.Meta fell 9% Thursday after announcing an increase in its capex spend, but still gained nearly 7% for the month.Shares of Amazon rose 27% in April, while Broadcom gained 35%. Qualcomm on Thursday had its best day since 2019, soaring nearly 40% for the month.

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