S&P 500 hits a record | Dow rallies 322 points | Biden: ‘We have a deal’ on infrastructure bill

The White House's bipartisan infrastructure deal announced Thursday lifted the broader market.

VIEW IN BROWSER | SUBSCRIBE THU, JUN 24, 2021 EVENING BRIEF AS OF THU, JUN 24, 2021 • 05:15 ET DJIA 34196.82 +0.95% +322.58 S&P 500 4266.49 +0.58% +24.65 NASDAQ 14369.71 +0.69% +97.98   Most Active DOW NAME LAST CHG %CHG AAPL 133.41 -0.29 -0.22% INTC 56.07 +0.81 +1.47% MSFT 266.69 +1.42 +0.53% S&P 500 NAME LAST CHG %CHG F 15.26 -0.16 -1.04% AAPL 133.41 -0.29 -0.22% GE 13.15 +0.20 +1.54% NASDAQ NAME LAST CHG %CHG AAPL 133.41 -0.29 -0.22% TSLA 679.82 +23.25 +3.54% AMD 86.10 +2.28 +2.72%   EDITOR'S NOTE The White House's bipartisan infrastructure deal announced Thursday lifted the broader market. The framework will include $579 billion in new spending on transportation, including roads, bridges and rails, as well as electric vehicle infrastructure and electric transit.   The Dow Jones Industrial Average jumped 322.58 points to reach 34,196.82. The S&P 500 reached a fresh record of 4,266.49 after gaining nearly 0.6%.   "Infrastructure spending strengthens an already very strong economic growth outlook. We will very likely get more than $2 trillion in additional spending this year, including this bipartisan agreement and a partisan 'social infrastructure' deal later this year, which bolster the outlook for corporate profits and should keep this bull market going strong well beyond 2021," Jeff Buchbinder, equity strategist at LPL Financial, told clients.   The technology-heavy Nasdaq Composite rose to a fresh record of 14,369.71 on Thursday as investors continued to pour into growth stocks. Cathie Wood's flagship fund, ARK Innovation, rose 1.4% on Thursday, going positive for the year. Following last week's Federal Reserve induced sell-off, stocks are heading into Friday with the likelihood of ending the week higher. The Dow is up 2.7% this week and the S&P 500 has risen 2.4% since Monday. The Nasdaq is up 2.4% this week.   Investors will be watching a key inflation indicator on Friday morning when the Commerce Department releases the core personal consumption expenditures price index. Economists polled by Dow Jones expect that prices rose 3.4% in May from a year earlier. Economists also estimate prices climbed 0.7% from April to May.   The index captures price movements across a variety of goods and services and is generally considered a wider-ranging measure of inflation as it shows changes in consumer behavior and has a broader scope than the Labor Department's consumer price index. Maggie Fitzgerald | CNBC Markets Reporter @mkmfitzgerald TOP NEWS  S&P 500 closes at a record, Dow jumps 320 points as Biden reaches infrastructure deal Biden discusses bipartisan infrastructure deal from White House Jobless claims hold above 400,000 for the second week in a row Cathie Wood's ARK Innovation turns positive for the year as growth stocks surge Rite Aid shares plummet; CEO cites Covid uncertainty for drug store chain's cautious outlook Ad tech stocks surge as Google delays killing third-party cookies until 2023 Covid is already deadlier this year than all of 2020. So why do many in U.S. think the problem's over? Microsoft just unveiled Windows 11: Here's everything it announced Bank of America says it's safe to buy Bed Bath & Beyond again after meme rally fades Microsoft closes above $2 trillion market cap for the first time   TOP VIDEO Morgan Stanley's Slimmon on whether its time to buy energy stocks   CNBC PRO These stocks are historically cheap and favored by Wall Street analysts into the second half   SPECIAL REPORTS Free tax help available to individuals and families eligible for child tax credit, stimulus checks The ultra-wealthy have made full use of Roth individual retirement accounts. Here's how you can do the same   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS