April 1, 2021, 11:38 pm EDT
S&P Made A New High
Biden 2 trillion infrastructure projects gave stock markets another reason to celebrate as S&P 500 made a new historical high at 4019 or 1.18% gains. Nasdaq made +1.76% and Dow with +0.52%.
As shown in the table, energy and semiconductor stocks took over the leading spots among S&P 500. There were many breakouts from semiconductors that could become the leading industry for the future.
Google (GOOGL) also added another +3% to near breakout level that is worthy of attention.
US long-term picture may not be so rosy because of a higher corporate tax of +28% from the existing 21%. It is likely that US will lost more jobs to foreign countries in the coming years. But, policymakers tried hard to please stock markets in many ways so the short-term direction is still on the upside.