SATURDAY, APRIL 3rd
Stocks move higher again on Thursday, backed by President Biden’s $2 trillion infrastructure spending plan. However, the plan has already received harsh criticism from both sides of the Washington fence, making its passage unlikely. Despite the S&P 500 rising more than 1.0% at its highest point of the day, the real action came in tech. The tech-heavy NASDAQ Composite, which has been lagging the market in recent months, advanced more than 1.5% to set a new three-week high.
Investors will take a look at the economic data next week since the National Employment Statistics report is expected to show US economy has created 700,000 new jobs in March. Subsequent week earnings will come back in focus with the first reports of the Q1 season. The analysts have been raising their targets, so expectations are high.