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S&P 500 closes above 4000 for the first time

April 2, 2021 at 6:05 am Staff
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The S&P 500 crossed the 4,000-point threshold for the first time on Thursday as the major U.S. indexes reported gains to start the month of April. Markets responded to President Joe Biden unveiling his $2 trillion infrastructure plan on Wednesday, which would include a provision to raise the corporate tax rate to 28% to fund it.

The S&P’s rise from 3,000 to 4,000 took 434 trading days, the shortest gap in 1,000 point milestones in the history of the index. Tech stocks rallied for a second consecutive day as Netflix stock increased 3.4%, Google’s parent company Alphabet gained 3.26%, Amazon climbed 2.16% and Microsoft closed the day up 2.79%.

S&P 500 Crosses 4,000 and Tech Shares Rise Sharply

Via www.msn.com
The Dow Jones Industrial Average rose 140 points, or 0.43%, to 33,122, and the S&P 500…
04/01/2021 2:21 PM
 

Editorial credit: Pavel Ignatov / Shutterstock.com

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