US markets open higher, S&P 500 at record high

Thursday, 01. April 2021 15:31

Stock market indexes in the United States opened higher on Thursday after a report on job cuts recorded an 86.2% fall in March compared to the same month in 2020. Meanwhile, initial jobless claims increased by 61,000 to 719,000 for the week ending March 21. US President Joe Biden promised Americans making under $400,000 a year won't see a federal tax increase, while corporate tax rates will be raised to 28%. Treasury Secretary Janet Yellen also praised Biden's $2 trillion infrastructure plan, stating it will make the US economy "far more competitive on the world stage" and "revamps a flawed corporate tax code."

The Dow Jones started the session up 0.33% as Apple Inc. added 1.33%. The Nasdaq 100 gained 1.30% at 9:31 am ET, with Pinduoduo soaring 9.76%. The S&P 500 increased by 0.64% at the same time, hitting a record high. Western Digital Corp. jumped 5.34%.

The euro traded 0.27% higher compared to the dollar at 9:32 am ET, selling for 1.17620.

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Breaking the News / DJ