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6/24, 7:02 PM (Source: TeleTrader)
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Dow soars 300 pts after Biden's infrastructure deal announcement

The Dow Jones Industrial Average index jumped over 300 points on Thursday after United States President Joe Biden revealed that the White House and a bipartisan group of lawmakers agreed on an infrastructure package reportedly worth $953 billion.

The Dow Jones surged 0.96%, or 326 points, at 1:06 pm ET, led by Caterpillar and Boeing, whose shares jumped over 2.5% after the agreement was announced. The Nasdaq 100 advanced 0.78% and the S&P 500 was up 0.65% at 1:08 pm ET, as both set their new intraday record highs.

The euro was flat compared to the dollar to go for 1.19305 at 1:12 pm ET.

Breaking the News / MS