Biden put investors on Wall Street in a buying mood

US President Joe Biden also put investors on Wall Street in a buying mood on Thursday. In the struggle for the infrastructure package, Biden had announced an agreement in the Senate. According to US media reports, the compromise has a total volume of around $ 950 billion. Biden originally proposed an infrastructure package worth more than two trillion dollars. But that met with massive resistance from the Republicans. The deal gave the US stock exchanges fresh momentum. The Dow Jones index rose 1 percent to 34,197 points, the S&P 500 and Nasdaq Composite gained 0.6 and 0.7 percent - both indices marked all-time highs. "It's a sign that people's confidence is returning," said Robert Pavlik, portfolio manager at Dakota Wealth. "How long this development will last, however, is the big question." A spike in bond yields could quickly change sentiment. The US bonds hardly moved, however. The trend-setting ten-year Treasuries yielded little changed at 1.495 percent. High-growth technology stocks appeared more attractive again after the recent price declines, said Pavlik. On the other hand, value stocks that investors have recently increasingly focused on have become relatively expensive. In addition, the first US interest rate hike is expected to be on the agenda in two years at the earliest, said analyst Jochen Stanzl from online broker CMC Markets. "Investors now apparently want to use this time window." Against this background, the stocks of technology companies such as Facebook, NVidia and Microsoft climbed to record highs. Independently of this, Microsoft presented "Windows 11". The new version of the computer operating system announced for the end of the year is the first major revision since 2015.