The New York Stock Exchange closed in the green on Thursday after an agreement between the two political parties on the infrastructure investment plan wanted by President Joe Biden. The tech giants have remained broadly stable apart from Amazon.
After the agreement between Republican and Democratic senators, the Nasdaq, the Dow Jones and the S&P 500 ended in the positive. Thus, the Nasdaq finished on + 0.69% to 14,369.71 points) and the S&P 500 to 0.58% to 4,266.49 points while the Dow Jones gained 0.95% to 34,196.82 points.
Several sectors have been inflated thanks to this agreement on the financing of new infrastructure in the country, signifying future gains, and synonymous with increases in the raw materials and industrial sectors.
Durable goods orders increased by 2.3% in May as opposed to April when they fell, and GDP growth in the 1st quarter was confirmed at 6.4%, in addition to several others positive indicators that influenced the stock market.
US President Joe Biden announced that elected officials from both parties have reached an agreement around the plan of more than 1.2 trillion dollars that will be used to finance the renovation of bridges, roads and airports, and improve water transport or high speed internet.
But faced with the approval by a US parliamentary committee of several bills that will undermine the monopoly situation of the tech giants, these same companies have blamed the blow.
For some, the figures remained stable with an increase of + 0.31% for Alphabet, and -0.22% for Apple and Facebook with + 0.76%. Amazon was the biggest loser with -1.56%.