Wall Street Scores Gains on Biden’s Infrastructure Plan

The main indices of the New York Stock Exchange (NYSE) closed higher on Thursday, with Wall Street investors optimistic about the recent agreement on a new infrastructure plan promising increased work for a number of listed companies.

The Dow Jones Industrial Average closed at 34,196.82, rising by 322.58 points, or 0.95%.

The S&P 500 gained 24.65 points, or 0.58%, to finish at 4,266.49 point.

Meanwhile, the NASDAQ Composite Index increased by 97.98 points, or 0.69%, and ended the session at the level of 14,369.71 points.

Positive economic data, such as the 6.4% GDP growth in Q1 and the 2.3% increase in durable goods orders, also provided support for the stock markets, as well as the decline in jobless claims.