Alex Ossola

It was also the S&P's best month since 2020.

It had a 10 percent gain.

Several big American companies said AI spending is benefiting their businesses, like Alphabet, Qualcomm, and even Caterpillar.

Data centers need the power generators Caterpillar makes.

Not all tech stocks climbed, though.

Meta and Microsoft slid on concerns about the cost of that AI buildout.

And in other earnings, Apple reported sales and gross profit margins for its most recent quarter that exceeded Wall Street's expectations.

iPhone's revenue rose more than 20 percent to nearly $57 billion.

For more on the earnings, visit WSJ.com.

And Eli Lilly has raised its forecast for the year after a strong quarter.

Booming sales of its weight loss drugs fueled strong revenue and profit growth in the first three months of the year.

Sales of Malangaro more than doubled, while Zepbound sales rose 79%.

Lilly is dominating in the anti-obesity drug market, and it's seeking to grow its share with its new weight loss pill.

Its stock closed up about 10% today.

Heads up that we dropped a special bonus episode earlier today.

In the latest What's News and Earnings, we look at what the rising cost of jet fuel has meant for the airline industry.

And for travelers like me, who recently shelled out $400 a ticket for a round-trip flight from New York to Atlanta.

Ouch.

Anyway, that's in your What's News feed now.

Coming up, another insurer leaves the Affordable Care Act marketplace, and a big development in a hotly contested Senate race in Maine.