Biden to Push Another $4 Trillion Rescue Case Four Major U.S. Stock Indexes Closed in Dividends

U.S. Treasury yields have fallen, and the Biden administration is considering launching another US$3 trillion epidemic relief plan. The US stock market rose on the 22nd, four major indexes closed in red, technology stocks rose across the board, and TSMC’s ADR rose 3.12 %.

According to comprehensive media reports, Tes, the electric car maker, soared 2.31% to US$670, making it one of the S&P 500’s largest gainers. Ark Invest, previously founded by Cathie Wood, raised the price. Tesla has a target price of $3,000.

“Reuters” quoted people familiar with the matter as saying that the Biden administration is considering a long-term economic plan of up to US$4 trillion, including infrastructure, climate change and employment plans. A White House spokesperson said that the plan will be announced soon, and the White House will discuss the scale and scope of the plan this week. It is too early to speculate.

Technology stocks were the best-performing stocks in the S&P 500 Index on the 22nd. Among the 11 stocks in the index, a total of 7 stocks rose, and financial stocks performed the worst.

US stocks closed today, the Dow Jones Industrial Average rose 103.23 points, or 0.32%, to 32731.20 points.

The S&P 500 index rose 27.49 points, or 0.70%, to 3,940.59 points.

The Nasdaq Index rose 162.31 points, or 1.23%, to 13377.54 points.

The Philadelphia Semiconductor Index rose 66.18 points, or 2.20%, to 3,07.55.

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