Stock-market investors applauded Thursday, pushing the Dow Jones Industrial Average DJIA, +0.95% sharply higher and scoring another round of record finishes for the S&P 500 SPX, +0.58% and Nasdaq Composite COMP, +0.69%, after President Joe Biden announced that he and a bipartisan group of lawmakers had a deal on a $1 trillion infrastructure package.
Construction-equipment maker Caterpillar Inc. CAT, +2.60%, a popular infrastructure play, was among upside leaders on the Dow, ending the day up more than 2%. More generally speaking, analysts said the deal will add to the fiscal spending tailwind already contributing momentum to the reopening of the U.S. economy. What’s more, many investors are penciling in additional spending beyond the scope of the package outlined by Biden and lawmakers on Thursday.
horrible
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nike stock rallies as sales surpass Street estimates by more than $1 billionNike Inc. shares rose in the extended session Thursday after the company topped Wall Street revenue estimates by more than $1 billion, a far cry from the... For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Alex_jnns01 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Source: MarketWatch - 🏆 3. / 97 Read more »
Electronic Arts to Acquire Warner Bros. Games’ Playdemic for $1.4BVideo game giant Electronic Arts has struck a deal with AT&T and its WarnerMedia unit to acquire Warner Bros. Games’ mobile games studio Playdemic for $1.4 billion in cash. “Playdemic is … AngryJoeShow
Source: THR - 🏆 411. / 53 Read more »
'We have a deal': Biden, lawmakers reach tentative bipartisan infrastructure agreementBreaking: President Biden and a bipartisan group of senators agreed on a nearly $1-trillion infrastructure framework, the culmination of months of negotiation over a proposal to fortify the nation’s roads, bridges and broadband internet access. 'nearly' Nowhere nearly enough. Most of it isn’t even new funding, they’re just redirecting most of it from the COVID relief plan what a fucking joke So 1 trillion will cost 3 trillion and nothing will be fixed
Source: latimes - 🏆 11. / 82 Read more »
Stock Market News Live: Dow Gains 300 Points After Infrastructure Deal Reached - WSJ.comU.S. stocks climbed Thursday, after a drop in weekly jobless claims and a rise in orders of durable goods. Meanwhile, mortgage rates hit their highest level since April. wow
Source: WSJ - 🏆 98. / 63 Read more »
Biden, bipartisan senators say they have $1.2 trillion framework infrastructure dealPres. Biden: 'Neither side got everything they wanted in this deal. That's what it means to compromise. And it reflects something important—it reflects consensus. The heart of democracy requires consensus.' dear president JoeBiden why arent you wearing a mask? you have the delta variant in your country, actually you gave it to us, in Chile. Didn’t you accuse Trump, and said that you would treat the pandemic situation differently hum seem like your the same shit, different shoe.🙂 Oh, God Dementia Biden.
Source: ABC - 🏆 471. / 51 Read more »