(May 15): US stocks led global markets to a strong rebound in April and early May. The Dow Jones Industrial Average and Standard & Poor’s 500 index were up by 11.1% and 12.7% respectively last month, the best monthly gains in more than three decades.

Stock price movements for the past few months have been largely driven by news related to the Covid-19, from initial full-blown fears of a global pandemic to relief that the world is not facing imminent apocalypse.

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