A second consecutive session of solid gains for US equity markets as investors pondered the Trump administration's newly released plan to revamp the nation’s infrastructure against the backdrop of mounting concerns about accelerating inflation - Dow jumped +410-points or +1.70%, with 28 of the 30 index components higher. The broader S&P500 rallied +36-points or +1.39%, with all 11 sectors posting gains (led by Materials up +2.09% and Information Technology +1.79%). Indeed, the S&P500 has just posted its best two-session gain (+2.88%) since August 2015 The technology-centric NASDAQ gained +1.56%. The Trump administration unveiled a plan to spend US$200 billion over 10 years on grants to states and cities to improve highways, airports, bridges and tunnels and other infrastructure. Shares of 21st Century Fox rose 2.2% after a report that Comcast (down -0.10%) may be looking to revive its bid to buy the company’s entertainment assets.
