S&P 500 closes in on 4,000 as Biden spending plan on deck

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Technology shares led the S&P 500 to a record high on Wednesday, and the three major Wall Street indexes were set to post their fourth straight ...

REUTERS: Technology shares led the S&P 500 to a record high on Wednesday, and the three major Wall Street indexes were set to post their fourth straight quarterly gains, as investors awaited details of President Joe Biden's massive infrastructure plan.

"That's probably had some impact on commodity prices, industrial stocks and possibly financials as well." The Dow Jones Industrial Average rose 27.24 points, or 0.08per cent, to 33,094.2, the S&P 500 gained 31.09 points, or 0.79per cent, to 3,989.64 and the Nasdaq Composite added 253.09 points, or 1.94per cent, to 13,298.49.https://graphics.reuters.com/USA-STOCKS/qmyvmreoepr/chart.png

Apple Inc rose 2.1per cent after brokerage UBS upgraded the stock to"buy" on stable long-term demand for iPhones with better authorized service providers.

 

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