3/31, 10:01 PM (Source: TeleTrader)
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Wall Street closes mostly higher ahead of infrastructure bill disclosure

United States major stock markets ended the first quarter of the year mostly with gains on Wednesday, as investors anticipated President Joe Biden's announcement of details of the infrastructure bill and the economic recovery plan that is highly focused on promoting clean energy and technological developments.

However, the $2.25 trillion investment package is argued to be paid through increased corporate taxes, which Republicans have already opposed. Meanwhile, OPEC did not come up with a recommendation for the level of oil production cuts.

Dow Jones closed 0.26% in the red as The Travelers Companies dropped 2.36%, while the S&P 500 ended the session with a 0.36% gain with Enphase Energy advancing 7.68%. The Nasdaq 100 rose 1.51% led by Moderna jumping 10.52%. The euro climbed 0.10% against the dollar to sell for $1.17274 at 4:03 pm ET.

Breaking the News / LH