Unofficially, the Dow Jones Industrial Average rose 0.53% to end at 33,155.85 points, while the S&P 500 gained 1.19% to 4,020.07.
Seven of the 11 S&P sectors rose, with technology and communication services gaining more than 1.5%
The size and scale of the proposal, as well as the question of how it would be paid for is likely to set the stage for the next partisan clash in Congress.
Tech stocks lifted all three major indexes on Wednesday as investors awaited details on US President Joe Biden's massive infrastructure plan, while Wall Street eyed its fourth straight quarterly gain
Times are flush for young tech companies like Stripe and Coinbase, which are having a moment as they upend the financial establishment
(Reuters) - Wells Fargo & Co said on Tuesday it had a prime brokerage relationship with Archegos Capital and it did not experience any losses related to the closing of its exposure.
"We have been monitoring the situation and communicating with market participants since last week," an SEC spokesperson said in emailed statement
Japan's largest bank warned of a potential $300 million loss related to a US client, a hit that's linked to Archegos, a person familiar with the matter said
The Swiss bank expects its loss tied to the implosion of Archegos Capital Management to run into the billions, according to people with knowledge of the matter
Sensex leaps 1,128 points to reclaim 50,000, Nifty rises 338 points as it moves near 15,000-mark
Archegos implosion: Regulators must ask some serious questions
The company's shares, which were at the heart of a Reddit-driven retail trading frenzy early this year, rose nearly 5% in pre-market trading
The Dow Jones Industrial Average fell 43.5 points, or 0.13%
The S&P 500 fell 5.2 points, or 0.13%, at the open to 3,969.31
ViacomCBS, Baidu and VIPShop fell between 0.2% and 1.5%
NEW YORK (Reuters) - The S&P 500 and Dow rose in a broad-based rally on Friday with technology, healthcare and financial stocks providing the biggest lift as investors bet on a recovery that is expected to deliver the fastest economic growth since 1984.
NEW YORK (Reuters) - The Nasdaq slid on Thursday as investors sold technology shares and bought underpriced stocks likely to do well on expectations the U.S. economy grows at its fastest pace in decades this year.
(Reuters) - Robinhood Markets Inc is building a platform to "democratize" initial public offerings (IPOs), including its own, that would allow users of its trading app to snap up shares alongside Wall Street funds, according to people familiar with the matter.
Ten of the 11 S&P sectors fell in early trading
NEW YORK (Reuters) - The S&P 500 closed lower on Wednesday, unable to halt the prior day's selloff, as investors set aside optimism about the economic recovery by Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen.