{"id":7830,"date":"2021-04-05T16:59:00","date_gmt":"2021-04-05T13:59:00","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=7830"},"modified":"2023-06-23T08:59:25","modified_gmt":"2023-06-23T05:59:25","slug":"sp-500-set-new-record","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/04\/05\/sp-500-set-new-record\/","title":{"rendered":"S&P 500 Set New Record"},"content":{"rendered":"\n

The American stock index of the wide market the S&P 500<\/a> reached a record level. What was this all-time high and what events provoked such growth? I have the answers and will share them with you right now.<\/p>\n\n\n\n

<\/span>The S&P 500 got over 4,000 points<\/span><\/h2>\n\n\n\n

On March 31st, the S&P 500 got maximally close to 4,000 points. At the closing of trades, it reached 3972.89, growing by 0.36%.<\/p>\n\n\n\n

On April 1st, the index of American companies with the largest capitalization reached over 4,000 points first time in history. That day, it grew by 1.18% and secured at 4019.87 points.<\/p>\n\n\n\n

<\/span>What provoked such growth of the S&P 500?<\/span><\/h2>\n\n\n\n

Analysts say that the record was set thanks to Joe Biden's speech about a large-scale 8-year modernization program of the country's infrastructure. The budget<\/a> is giving 2.3 trillion USD for it.<\/p>\n\n\n\n

At the start, the money is planned to be distributed as follows: renewal of transport infrastructure — $621 billion, support of the disabled and elderly — $400 billion, industry development — $300 billion, construction of available dwelling — $213 billion, the extension of the broadband network — $100 billion.<\/p>\n\n\n\n

Optimistic forecasts for the American economy development support the shares of the tech sector and they, in turn, pull the index up.<\/p>\n\n\n\n

<\/span>IT shares growing on Wednesday and Thursday<\/span><\/h2>\n\n\n\n