Morning Report 25 Jun 21: US sharemarkets rose on Thursday

US President Biden has embraced a $1.2 trillion bipartisan Senate deal on infrastructure spending. Reuters reports that the "$579 billion in new spending includes major investments in the nation's power grid, broadband internet services and passenger and freight rail." Shares in Caterpillar rose by 2.6% and shares in Boeing rose by 2.9%. The Dow Jones index rose by 323 points or 1.0%. The S&P 500 index rose by 0.6% to a record high. And the Nasdaq index rose by 98 points or 0.7% to a record high.

 

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