S&P 500 closes above 4,700 for the first time as infrastructure stocks rally; European stocks close mixed 
The S&P 500 closed at a record high Monday after Congress approved an infrastructure spending package. 
The broad index gained 0.09% to close above 4,700 for the first time at 4,701.72. The Dow Jones Industrial Average added 104.27 points, or 0.3%, to close at 36,432.22. The Nasdaq Composite ticked up 0.07% at 15,982.36. All three stock averages posted record closes. 
The U.S. House of Representatives late Friday passed a more than $1 trillion infrastructure bill, sending the legislation to President Joe Biden for his signature. First passed by the Senate in August, the package would provide new funding for transportation, utilities and broadband, among other infrastructure projects. 
Mining company Freeport-McMoRan, construction materials stock Vulcan and steel corporation Nucor were among the top gainers on the S&P 500. Construction equipment manufacturer Caterpillar led the Dow’s rally with a 4% gain. Heavy equipment producer Deere saw its shares rise 1.6%. United Rentals, Martin Marietta and Jacobs Engineering were among other infrastructure-related gainers. 
Elsewhere, chip maker Advanced Micro Devices led gains on the S&P 500 and the Nasdaq Composite. AMD rallied 10.1% after the company announced it won Meta, formerly known as Facebook, as a chip customer and revealed new chip products. 
Meanwhile, Tesla founder Elon Musk rattled investors this weekend, asking in a Twitter poll whether he should sell 10% of his stock as a response to political clamoring to tax unrealized gains from equity holdings. As some 58% of respondents said yes, shares in Tesla dropped more than 4%. 

The pan-European Stoxx 600 closed slightly above the flatline provisionally, with basic resources stocks gaining 1.3% while travel and leisure shares sank 1.1% as sectors pointed in opposite directions. 
Earnings before the bell came from Henkel and Covestro, the former sliding 5.9% to the bottom of the Stoxx 600 after lowering its guidance. 
Siemens Gamesa added 9% after its full-year results, while Darktrace jumped more than 12.6% to lead the European blue chip index after Berenberg reiterated its “buy” recommendation on the stock. 
Source: CNBC, Investing.com