Nasdaq surges 2% as tech shares rally, S&P near 4,000 pts

Mittwoch, 31. März 2021 19:17

The Nasdaq 100 continued to post sharp gains on Wednesday amid a rally in technology stocks, while the S&P 500 was on track to hit 4,000 points.

Shares of Apple, Amazon, Alphabet, Facebook and other major tech companies all pushed higher ahead of the unveiling of President Joe Biden's infrastructure package worth $2.25 trillion. The spending plan is also expected to include a corporate tax hike in order to fund the package.

The Nasdaq 100 rallied 2.04% at 1:13 pm ET while the Dow Jones advanced 0.19%. At the same time, the S&P 500 jumped 0.90% to trade just below the 4,000 point mark.

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Breaking the News / JC