S&P 500, Nasdaq Register Biggest Monthly Gains Since 2020

S&P 500, Nasdaq Register Biggest Monthly Gains Since 2020
A trader works on the floor of the New York Stock Exchange (NYSE) following a Fed rate announcement, in New York City on July 27, 2022. Brendan McDermid/Reuters
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NEW YORK—U.S. stocks added to their recent rally on Friday after upbeat forecasts from Apple and Amazon.com, and the S&P 500 and Nasdaq posted their biggest monthly percentage gains since 2020.

Most S&P 500 sectors ended higher, with energy rising 4.5 percent, the most of any S&P sector. Chevron Corp. rose 8.9 percent and Exxon Mobil shares jumped 4.6 percent after the companies reported record quarterly revenues.