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Wall Street to take cues from infrastructure plans and earnings ...Qatar
US President Joe Biden’s massive infrastructure proposal and the upcoming corporate earnings season could offer investors fresh insight on the sustainability of a rally that has taken stocks to all-time highs. The S&P 500 scaled 4,000 for the first time on Thursday and closed up 1.18% at 4,019.87, extending the benchmark index’s gain to nearly 80% from lows in March 2020. The rally has been driven by unprecedented US stimulus measures and expectations that widespread vaccinations against Covid-19 will spur an economic rebound. Evidence of strengthening economic and corporate growth could support investor confidence after a quarter that saw solid stock gains but also a worrying surge in bond
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