Stock Market Today: S&P Made A New High 

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.

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