Weekly Market Snapshot – April 5th, 2021
Created by: Sam Tenney
- Total non-farm payroll rose by 916,000 jobs added in March, bringing the unemployment rate down to 6.0%. This is significant growth for a single month and suggests a continuing recovery¹
- The S&P 500 hit record highs last week, breaking the 4,000 mark on Friday, April 2nd. The NASDAQ is still below its all time high of 14,000 however, signifying the recent months shifts from tech heavy sectors to industrial and value-oriented sectors.²
- Last week, the Biden administration unveiled the details of its massive, 2-phase infrastructure package. The first phase will include $2.25 trillion in infrastructure spending, primarily focusing on traditional infrastructure, R&D, the electric grid, high-speed broadband and clean drinking water. The proposal also has an additional $400 billion in clean energy tax credits that are not included in the headline total.³
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