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Tech Shares Push Stocks Higher; Crude Oil Falls: Markets Wrap

  • Treasury note yields rise to cap worst quarter since 1980
  • Dollar weakens, but still posts its best quarter in a year
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WATCH: President Joe Biden will reveal his infrastructure plan on Wednesday, a four-part, eight year plan totaling $2.25 trillion.Source: Bloomberg
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Technology shares led U.S. stocks higher, regaining favor on the last day of a quarter where they trailed the rest of the major market sectors, with President Joe Biden set to unveil his next stimulus plan.

Apple Inc., Microsoft Corp. and Tesla Inc. pushed the tech-heavy Nasdaq 100 up 1.5%, while the Dow Jones Industrial finished lower with investors favoring growth over value shares again. The benchmark S&P 500 set an intra-day high, retreating from a record closing level in the last moments of trading. Oil fell after an OPEC+ panel meeting ended without an oil policy recommendation. The dollar weakened, but still posted its best quarter in a year. The Bloomberg Commodity Index and developing-nation currencies climbed.