The S&P 500 has topped 4,000 points for the first time ever as investors kick off the second quarter with optimism about the coronavirus recovery. The index rose nearly 1.2% to close at a record high of 4,019 points on Thursday. The advances come after the Institute for Supply Management said that US manufacturing activity grew for the 10th straight month in March. Growing demand helped offset the impact of snarled supply chains and rising commodity prices. Historically, April has been one of the strongest months for stocks and if treasury yields turn lower investors’ appetite for stocks will sharply jump.