• S&P, Nasdaq hit records as Biden spending plan moves ahead

  The S&P 500 and Nasdaq Composite rallied to fresh record highs as investors digested Biden's $1.7T spending plan and bid up stocks following earnings including Ford, Microsoft and Caterpillar. 82% of companies that have reported quarterly results have beaten expectations. Investors shrugged off a sharp downturn in 3Q GDP which showed the economy grew 2%, down from 6.7% in the prior period.

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