Diamonds and Dogs
Caterpillar (CAT) led the Dow higher up 3% after the Senate approved President Biden's $1-trillion infrastructure plan. The proposed plan will allocate about $100 billion toward the development of roads, bridges and other major projects and $66 billion toward passenger and freight rail.
Moderna (MRNA) took a hit. The COVID-19 vaccine stock was down 15% even as a study shows a third dose of Moderna's COVID-19 vaccine substantially improved protection for organ transplant recipients. Moderna is rose over 100% in the last month, bolstered by its inclusion in the S&P 500, optimism over the need for its mRNA COVID vaccine, and momentum buying.
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