S&P 500 rises lifted by tech shares, closes out best month since November; European markets close lower as Deliveroo plunges in debut, euro zone inflation jumps 
U.S. stocks rose on Wednesday, closing out March and the first quarter on a high note as investors rotated back into high-growth tech while weighing President Joe Biden’s big infrastructure spending plan. 
The S&P 500 ended the session 0.4% higher at 3,972.89 after jumping 0.9% to hit a fresh intraday record high. The tech-heavy Nasdaq Composite popped 1.5% to 13,246.87 as Apple, Microsoft and Facebook all gained at least 1.6%. Tesla popped more than 5%. The Dow Jones Industrial Average slipped 85.41 points, or 0.3%, to 32,981.55. 
Biden will unveil a more than $2 trillion package in infrastructure spending on Wednesday. The plan would raise the corporate tax rate to 28% to fund it, an administration official told reporters Tuesday night. The White House said the tax hike, combined with measures designed to stop offshoring of profits, would fund the infrastructure plan within 15 years. 

European stocks closed lower Wednesday, as reacted to Deliveroo’s disappointing stock market debut and fresh economic data. 
The pan-European Stoxx 600 ended the session down 0.2%, with banks falling 1.2% to lead losses as most sectors and major bourses entered negative territory. 
Euro zone inflation jumped to 1.3% in March from 0.9% in February, according to a flash estimate from Eurostat on Wednesday. 
Lloyd’s of London released its full-year results, posting a $1.2 billion pre-tax loss for 2020 on the back of Covid-19-related claims. 
British food delivery firm Deliveroo tumbled as much as 30% on its first day of trading Wednesday, as investors raised concerns with its gig economy model and high valuation. The stock closed down by about 26%. 
Source: CNBC