Wall Street gains ahead of Biden’s spending plan outline | Malay Mail

The Wall Street sign is pictured at the New York Stock exchange in the Manhattan borough of New York March 9, 2020. ― Reuters picNEW YORK, March 31 — Technology shares lifted major US stock indexes today as investors awaited details on President Joe Biden’s massive infrastructure plan, while Wall Street eyed its fourth straight quarterly gain.

Unprecedented stimulus and a swift vaccine rollout in the United States helped the S&P 500 and the Dow hit record closing highs last week. After leading Wall Street’s rally from the coronavirus lows of last year, the technology-heavy Nasdaq’s 1.2 per cent gain has lagged the S&P 500 and the Dow this quarter.

Technology sector added about 1 per cent, while financials and energy stocks dropped in a reversal of this quarter’s trend.

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