- US stocks were lower at the close as investors awaited details on Biden's infrastructure plan.
- The 10-year Treasury yield surpassed 1.7% on Tuesday, hitting a new 14-month high.
- The US Consumer Confidence index soared significantly higher than expected in March.
- $4.
US stocks closed lower on Tuesday as investors awaited details on$4. The Washington Post $4 that the first part of President Joe Biden's infrastructure package will come in at $2.25 trillion, and contain funding for initiatives including broadband, highways, and housing. Biden will announce details on the first part of the package on Wednesday.
$4 as investors price in expectations of higher inflation and a stronger US economy amid Biden's new multi-trillion spending plan and the COVID-19 vaccine rollout.
The US Consumer Confidence index soared to 109.7 in March from 90.4, far above the consensus, 96.0. It's the largest one month gain since 2003, according to Pantheon's Ian Shephardson.
"The index is still short of its pre-Covid trend, about 130, but it is no longer massively adrift. A combination of the latest stimulus payments and the much better Covid picture likely explains the surge in confidence," said the chief economist.
Here's where US indexes stood after the 4:00 p.m. ET close on Tuesday:
$4 jumped as much as 4% on Tuesday after it said it suffered $4. Though Japanese firm $4 said it could suffer a possible loss of around $2 billion, while $4, which has declined to provide a numerical impact, could see around $3 billion-$4 billion in the fallout, according to reports. JPMorgan estimated today that $4
$4, under pressure as long-dated Treasury yields and the US dollar rose on expectations that President Joe Biden's infrastructure plan will cost multiple trillions of dollars.
The precious metal dropped 1.8% to $1,683.50 per ounce.
$4 fell by 1.97%, to $60.34 per barrel. $4, oil's international benchmark, was down 1.66% to $63.90 per barrel.