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2021-03-31

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U.S. stocks open modestly higher ahead of Biden infrastructure plan

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The S&amp;P 500 rose 0.4% to 3,973. The Dow Jones Industrial Average advanced 99 points, or 0.3%, to 33,166. The Nasdaq Composite climbed 0.7% to 13,132. The infrastructure plan comes less than a month after the passage of a $1.9 trillion package of COVID relief spending. The immense fiscal support deployed by Washington has helped boost inflation expectations and bond yields. 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