Morning Report 1 Apr 21: US sharemarkets were mixed on Wednesday

Investors awaited details of US President Joe Biden's reported US$2 trillion-$4 trillion infrastructure package with a proposal to lift the corporate tax rate to 28% to fund the plan. Bond yield stability supported technology shares with Tesla (+5.1%), Apple (+1.9%), Microsoft (+1.7%) and Facebook (+2.3%) all up. Walgreens Boots Alliance shares rose 3.6% after raising its 2021 profit forecast. Shares of online pet product company Chewy jumped 5.4% on broker upgrades after it reported a fourth quarter profit. The Dow Jones index fell by 85 points or 0.3%. But the S&P 500 index lifted 0.4%, closing at a record high. And the Nasdaq index lifted 201 points or 1.5%. For the March quarter, the Dow lifted 7.8%; the S&P 500 rose 5.8% and the Nasdaq gained 2.8%. 

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