Stocks rose to record levels Thursday as investors digested another batch of key economic data. Gabriela Santos, Global Market Strategist at J.P. Morgan Asset Management and Jeff Carbone, Cornerstone Wealth Managing Partner joined Yahoo Finance Live to discuss.
Zacks Industry Outlook Highlights: Caterpillar, Komatsu, H&E Equipment Services, Terex Corp and Manitowoc Company
Global equities edged towards record highs on Friday after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal, raising hopes for an extended rebound in the world's largest economy, and a tight supply outlook boosted oil. Investors have been looking to an infrastructure agreement to extend the U.S. recovery after massive fiscal stimulus helped the U.S. economy grow at a 6.4% annualized rate in the first quarter. MSCI's all-country index rose 0.13%, nearing a record high reached on June 15 and bringing gains for the week to more than 2%.