Wall Street to take cues from infrastructure plans and earnings ...Qatar

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Wall Street to take cues from infrastructure plans and earnings
source : ٌRayaٌ news ( Qatar ) () 28
US President Joe Biden’s massive infrastructure proposal and the upcoming corporate earnings season could offer investors fresh insight on the sustainability of a rally that has taken stocks to all-time highs. The S&P 500 scaled 4,000 for the first time on Thursday and closed up 1.18% at 4,019.87, extending the benchmark index’s gain to nearly 80% from lows in March 2020. The rally has been driven by unprecedented US stimulus measures and expectations that widespread vaccinations against Covid-19 will spur an economic rebound. Evidence of strengthening economic and corporate growth could support investor confidence after a quarter that saw solid stock gains but also a worrying surge in bond

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