Alphabet Inc rallied 3.8% and Microsoft climbed 2.6%, with both leading the gains and powering the S&P 500 higher. The Labor Department's data showed that the initial jobless claims fell to a seasonally adjusted 228,000 for the week ended April 1, sending upbeat signals to investors. The S&P 500 increased 0.36% to end at 4,105.02 points, the Nasdaq gained 0.76% and Dow Jones Industrial Average rose 0.01%.According to the article, the Dow Jones Industrial Average rose by 0.5%, the S&P 500 gained 0.7%, and the Nasdaq Composite increased by 1.2%. This positive momentum was attributed to the expectation that the upcoming US jobs report will show strong employment gains.
The article also mentioned that the market's focus has shifted from concerns over rising inflation to the outlook for economic growth, particularly the recovery from the pandemic. The positive sentiment was further supported by the announcement of President Joe Biden's infrastructure spending plan, which is expected to provide a boost to the US economy.
Overall, the article suggests that the market is optimistic about the future and that investors are looking for signs of a strong economic recovery. However, as with all investments, there are risks, and it's important for investors to carefully assess their investments and to seek professional advice if needed.
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